Paytm Revenue

The company is seeing signs of recovery, with monthly transacting users (MTUs) at 71 million at the end of the September quarter of this financial year

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

Paytm's independent board members will earn a maximum annual compensation of up to Rs 48 lakh ($57,228), the company said in a release

The uptick in the share price came after reports indicated that the Government has approved Paytm's FDI proposal for payment aggregator business.

Paytm Q1FY25 results: One97 Communications' income for the first quarter fell 33%; Paytm is currently awaiting regulatory approval to start onboarding new UPI users

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

During FY23, the company maintained an average of 32,798 employees on its rolls, with 29,503 actively engaged

The decline followed the company's announcement of its Q4 results, which fell short of market expectations. Paytm's loss widened to Rs 549.6 crore in Q4FY24

Company has 'transitioned' payment business from Paytm Payments Bank to other partner banks, says CEO

Paytm Q4 FY 24 results: Shares of Paytm were trading at Rs 349 at 9:35 am on the BSE following the release of the company's quarter earnings report

Paytm is now down about 77 per cent from its initial public offering in 2021

Billionaire founder-CEO Vijay Shekhar Sharma is overhauling its suite of money management products to better tap growing wealth among younger users, who're warmer to the idea of investing online

In terms of the number of loans, in July and August, the company saw a 47 per cent jump from 6 million loans in 2022 to 8.8 million in 2023

Paytm reported a net loss of Rs 360 crore, but revenue grew 39 per cent year-on-year (YoY) to Rs 2,340 crore

The value of total loans disbursed by Paytm jumped 253% from Rs 3,553 crore in Q4FY22 to Rs 12,554 crore in Q4FY23

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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

In its stock exchange filing, Paytm said that the aSuper App' continues to see growing consumer engagement for its wide array of payment and financial services

Sharma founded One97 Communications in 2000 and subsequently Paytm a decade later in 2010. In November 2021, Paytm went public, raising $2.5 billion at a valuation of $19 billion

Will the share buyback revive Paytm's fortunes?

The board of One 97 Communications Ltd has approved a share buyback proposal. It came less than 13 months after Paytm's disastrous listing. How will the buyback affect Paytm's fortunes and investors?