MUMBAI: Paytm has adopted a compliance-first approach and is focusing on achieving profitability, founder and CEO Vijay Shekhar Sharma said at the company’s 24th annual general meeting on Thursday. “We have had a lot of learnings in the past six months. Now, we are talking compliance-first business… one that takes care of every regulation fully…
MUMBAI: Paytm will sell its entertainment ticketing business, including the Insider platform, to Zomato for Rs 2,048 crore as the fintech looks to divest its non core assets. Paytm, which has faced regulatory scrutiny, will focus on its core payments and financial services distribution businesses, the company said in a stock exchange filing on Wednesday.Paytm’s…
NEW DELHI: One 97 Communications Limited, the parent company of Paytm on Wednesday said that it will sell its entertainment ticketing business to Zomato for Rs 2,048 crore. The entertainment ticketing services, including movies, sports, and events, will remain available on the Paytm app during a transition period of up to 12 months. “One 97…
Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch has underscored the critical importance of stringent Know Your Customer (KYC) procedures in the financial services sector. Talking to media at the launch of India’s first dedicated website for passive mutual funds, she emphasized that the KYC Registration Authority (KRA) system is indispensable for…
NEW DELHI: Securities and exchange board of India (Sebi) served administrative warning to Paytm over two transactions with Paytm Payments Bank conducted in the fiscal year 2021-22. Paytm on Monday said in its filing that it has strictly followed all regulatory requirements and compliance standards.The two transactions were of 3.24 billion rupees ($38.8 million) and…
Mumbai: Paytm is in advanced stages of discussion to sell its movie and events ticketing business to Zomato as part of the fintech’s strategy to divest its non-core assets, sources aware of the development told TOI. The deal, if finalised, could value the business vertical of Paytm at close to Rs 2,000 crore.In a stock…
MUMBAI: “I started crying at the meeting. I told them that I was willing to work even at a lower salary and designation,” said a Paytm employee who is staring at an imminent job cut. Executives from the HR department reached out to him over a call late last month, stating that his role would…
Paytm layoffs: One97 Communications Limited, the parent company of Paytm, is currently undergoing a restructuring process that involves an undisclosed number of people being laid off. According to a PTI report quoting the company statement, Paytm is providing outplacement support to these employees, collaborating with over 30 companies that are currently hiring and assisting those…
Paytm Q4 results: In the fourth quarter ended March 2024, Paytm, the fintech major, reported a significant increase in losses, reaching Rs 550 crore compared to Rs 169 crore in the corresponding quarter of the previous year. The company’s revenue from operations also experienced a 3% year-on-year decline, amounting to Rs 2,267 crore, in contrast…
Paytm share price today: The market capitalisation of One 97 Communications, which is the parent company of the fintech platform Paytm, approached $2.5 billion on Tuesday as its shares kept declining.The stock of the Noida-headquartered company was trading 4.99% lower at Rs 334.15 on the Bombay Stock Exchange at the market close. The share price…
