Paytm Founder Vijay Shekhar

In the past one month, Paytm stock has outperformed the market by zooming 25 per cent, as compared to 4.5 per cent rise in the BSE Sensex, data shows

Payment gateway and digital wallet service provider Paytm has decided to not re-apply for an NBFC licence and stop experiments in Payment Aggregator Cross-Border (PA-CB)

Paytm has seen its shares lose more than half of their value since the banking regulator's surprise clampdown amid concerns over the continuity of its business model

RBI Paytm Payments Bank news: After the ban announced on January 31, the shares of One97 Communications Ltd have fallen over 43% and are near their all-time low

Paytm's CEO Vijay Shekhar Sharma assured the employees that they will figure everything out soon

Payments bank says it has upheld compliance with supervisory instructions

A message from the company's founder and chief executive officer, Vijay Shekhar Sharma, on messaging platform X did not help clarify matters for users of Paytm services

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On closing of this transaction, Sharma's shareholding in Paytm (direct and indirect) will increase to 19.42 per cent, whereas Antfin's shareholding will reduce to 13.5 per cent

After the transaction, Sharma's stake in the company will rise to 19.42%, and Antfin will cease to be the largest shareholder of Paytm

At the end of December, Alibaba had 6.26 per cent stake in the firm and it had sold around 3 per cent of it in January

Sharma along with Elon Musk, Jack Dorsey and others is urging users to protect their privacy by moving on to Signal app

The e-commerce platform of Vijay Shekhar-founded One97 Communications believes it could serve as a gateway for international brands and sellers to do business in India

A few months ago, founders of Flipkart and Ola called for government protection from rivals Amazon and Uber