One97 Communications

The approval may lead to an increase in company's UPI transaction volumes

The surge in Paytm share price came after the company announced that National Payments Corporation of India (NPCI) has granted approval to the company to onboard new UPI users

NPCI data for June-Aug suggests that Paytm's UPI market share by value of transactions is steady

The Noida-based company's outgoing CTO Manmeet Singh Dhody has been 'transitioned' to a new role as AI (artificial intelligence) fellow of the fintech major

The surge in the Paytm stock was fueled by domestic brokerage Emkay's upgrade to 'Add' from 'Reduce.'

Regulator had slapped show-cause notice for potential violation of allotment norms

This comes as the company refocuses on its core payments and financial services business

Currently, the annual salaries of non-executive independent directors of Paytm's board members runs into crores

This comes after One97 Communications, the company operating Paytm brand, handed pink slips to employees in the March quarter of FY24

One 97 Communications said in an exchange filing that it will now focus on strengthening the core payments and financial services distribution

Fintech will provide point-of-sale and card machines to the private sector lender

Paytm's health care plan offers merchant partners benefits such as unlimited doctor 'teleconsultation' and in-person doctor visits

Fintech firm One97 Communications claims to have registered on-year growth of 19 per cent growth in flight bookings in the January-march quarter of this year, the company said in a regulatory filing on Monday. The travel ticket business of Paytm falls within its marketing services vertical, which grew by 1 per cent in revenue terms to Rs 395 crore on a year-on-year basis in the March 2024 quarter. "In the fourth quarter of financial year 2024, Paytm maintained its upward trajectory in market share among OTAs (online travel aggregators), with flight bookings showing a notable year-on-year increase of around 19 per cent, surpassing the industry's growth rate of around 3 per cent," the filing said. Paytm's marketing services business primarily includes ticketing (travel, movie, events etc.), advertising, credit card marketing, and deals and gift vouchers. The company had posted 28 per cent growth in GMV (gross merchandise value) for ticketing, deals and gift vouchers etc. to Rs 2,804

Paytm news: Neeraj Arora has quit the board of One97 Communications citing pre-occupation and personal commitments

UK-based hedge fund Marshall Wace on Friday sold shares of One97 Communications and Shriram Finance for a combined value of Rs 419 crore through open market transactions. Marshall Wace, through its arm Marshall Wace Investment Strategies - Eureka Fund, offloaded shares of One97 Communications, owner of Paytm brand, and Shriram Finance Ltd through separate block deals on the National Stock Exchange (NSE). As per the data on the NSE, Marshall Wace Investment Strategies - Eureka Fund sold 5.85 lakh shares of One97 Communications at an average price of Rs 428.05 apiece. In addition, Marshall Wace Investment Strategies - Eureka Fund also disposed of over 14.67 lakh shares of Shriram Finance at an average price of Rs 2,684.30 per piece. This took the combined transaction value to Rs 419.09 crore. Meanwhile, Paris-based financial services firm BNP Paribas, through its affiliate BNP Paribas Financial Markets purchased shares of One97 Communication and Shriram Finance Ltd at the same pric

Consumer electronics brand Samsung has partnered with Paytm parent One97 Communications Ltd to integrate travel and entertainment services to Samsung Wallet in India. Through the partnership, users of Samsung Galaxy smartphones can access Paytm's suite of services, including flight and bus bookings, movie ticket purchases, and event bookings, through the digital wallet. Galaxy users using the Paytm and Paytm Insider app can add their tickets directly to Samsung Wallet using 'Add to Samsung Wallet' functionality, a company statement said on Thursday. "With the Paytm app being the go-to destination for travel and event bookings for millions of Indians, its partnership with Samsung opens new avenues for users to access its services, in line with its efforts to drive further convenience," it said. Samsung Wallet users can avail of the new services by updating their app through the Galaxy Store. "These features allow Galaxy smartphone users to easily purchase bus and airline tickets, a

One97 Communications said reports claiming that Gautam Adani, chairman of the Adani Group, is considering acquiring a stake in Paytm's parent company One97 Communications are speculative

Fintech giant has seen exits in its senior management after its banking unit was put under restrictions in January

Adani Enterprises, Titan, Paytm and HCL Technologies and 24 others among the NSE 500 have declined over 10% in the last one month. Here are five stocks that look weaker on charts for now.

NPCI notified in March that YES Bank would act as merchant acquiring bank for existing and new UPI merchants for OCL