Paytm FY’20 revenue rises to Rs 3,629 crore, loss narrows by 40 pc

Paytm FY’20 revenue rises to Rs 3,629 crore, loss narrows by 40 pc

NEW DELHI: Digital financial services firm Paytm on Friday said its revenue for fiscal year ended March 31, increased to Rs 3,629 crore supported by increase in number of transactions across various segments and point of sale devices. The home-grown financial technology firm said its losses have narrowed by 40 per cent on a year-on-year … Read more

Paytm to offer stock broking services soon

Paytm to offer stock broking services soon

Paytm founder Vijay Shekhar Sharma, on Thursday, said that the company is going to launch stock brokerage services in a few weeks. In a fireside chat with Rajan Anandan, MD, Sequoia Capital India, in the ongoing Global Fintech Fest, Sharma said, “Payments has been the largest revenue for us. Thereafter, we started our e-commerce business … Read more

Digital payment transactions in India rise 23% between June 3-July 2: Report

Digital payment transactions in India rise 23% between June 3-July 2: Report

NEW DELHI: Digital payment transaction saw a 23 per cent jump in the past one month, signalling a rebound after the decline seen during the nationwide lockdown, according to a report by fintech platform Razorpay. The report analysed consumer behaviour and digital spending patterns during lockdown and in the later days. “With the economy inching … Read more