The Paytm founder’s message to investors is that the management is committed to creating a transparent, soundly governed, profitable, free cash generating company in the long term.

Paytm CEO says goal of achieving operating profitability might be achieved sooner than the projected date of September quarter

The digital payments company also added 1 million payment devices during Oct-Dec and the number of merchants paying subscription for payment devices touched 5.8 million as of December 2022.

The firm first bought Nykaa shares on November 10, then it sold Nykaa shares on November 15, and has now reportedly picked up shares of Paytm

With its revenue from the lending business growing fast, the company expects further improvement in overall margins

The payments bank is a joint venture between Paytm, which owns a 49 percent stake in the company, and Vijay Shekhar Sharma, who holds 51 percent.

In a mail to customers, Slice said that the card will be temporarily suspended in November to transition to the new system

If PhonePe’s massive round goes through, it will make the startup India’s most valued fintech, amid a rout in startup funding

Paytm said, “Consumer engagement is at its highest on Paytm super app with average monthly transacting users at 79.7 million for the quarter, up 39 percent YoY.”

Indians are moving away from cash and traditional banking payment instruments and have wholeheartedly embraced UPI to make payments because of its ease and sheer convenience. Fintechs are driving this nationwide shift

With this partnership, Paytm is offering assured cashbacks of 10 percent on all transactions on payments made through Paytm UPI and Paytm Wallet, the company said in a statement