Paytm will make operating profits by Sept 2023: Vijay Shekhar Sharma

Paytm's Vijay Shekhar Sharma says company is seeing excellent momentum and is on track to achieve operating profitability

One97 Communications, the parent company of Paytm, has prioritised the payments and distribution of lending products businesses as the company aims to achieve operating profitability by the second quarter of FY23. The digital payments company presented the annual report for FY22 for the first time as a public-listed company.

Vijay Shekhar Sharma, founder and chief executive officer (CEO) of Paytm said the company has recorded rapid growth in payments and a huge scale-up in lending and payment devices businesses.

“The core of Paytm’s business model is to acquire consumers and merchants for payment services, and upselling services to consumers. This is by