Vijay Shekhar Sharma

Vijay Shekar Sharma emphasises the transformative impact of India's digital services sector on employment and economic growth, appreciating the efforts of 'Indian Digital Services' workers

He added that it is the responsibility of entities in the financial services domain to ensure the safety of users through measures involving customer education

Company has 'thoroughly examined' business processes, he says as impact of RBI strictures on payments bank continues

The announcement comes shortly after PPSL, a subsidiary of Paytm, secured approval from the Ministry of Finance to invest further in its payment services business

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

Fintech firm One97 Communications, which owns Paytm brand, sees no impact of lower incentives earmarked by the government in the budget for promoting small ticket digital transactions, a top official of the company said. Speaking on the sidelines of launching "Card NFC Soundbox" machine, Paytm CEO Vijay Shekhar Sharma denied any impact of lower allocation of incentives to promote small ticket digital transactions on his guidance over profitability this fiscal year. "We remain committed to doing the same (achieve a profitable quarter in this fiscal) because we already said without UPI incentive," Sharma said. The government has lowered incentive allocation for Rupay and UPI transactions by about 42 per cent in the budget. Sharma during the company's earning call had given guidance to achieve a profitable quarter during the current fiscal. "My team and we are also committed to making sure that we go back to profitable quarters very, very soon. We are hoping and working on making sur

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

The Noida-based company said the show-cause notice did not have any impact on the financial results of the fourth quarter of the financial year 2024 (Q4 FY24) and Q1 FY25

Zomato recently turned 16 and marked the occasion with a witty and creative advertisement that has everyone talking

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

In January this year, the banking regulator placed crippling restrictions on Paytm Payments Bank citing persistent non-compliance at the bank

The discussions between Paytm, officially known as One97 Communications Ltd., and online food delivery firm Zomato are in advanced stages

The firm seems to be returning to the drawing board, revisiting its business strategy, including its partnership with lenders

Paytm accounted for 8.1% of total UPI transactions in May, down from 13% in January, according to data released by the National Payments Corporation of India

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

For instance, other platforms, such as Yaary, a group representing Hyderabad's auto rickshaw and taxi drivers, launched their ride-hailing service on ONDC in December last year

Has Sharma given up on it? For now, he seems to be on a save-OCL mission

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

Paytm Payments Bank's parent is One 97 Communications, popularly known as Paytm for its digital payments app. One97 owns 49% in the payments bank, while Sharma holds the remaining 51%

The scammer admitted that they send APK files to users, which, once downloaded, can give them access to all incoming messages, including OTPs