PAYTM
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BREAKINGVIEWS-Walmart's PhonePe ought to get a bit of credit
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Sept 29 (Reuters Breakingviews) - India's financial technology startups are lining up for credit. Among them is Walmart-backed WMT.N payments champion PhonePe, which on Wednesday said it has confidentially filed for an initial public offering in Mumbai. A mooted $15 billion valuationlooks punchy, but its shot at grabbing the ultimate fintech prize in the country is half decent.
The U.S. retailer owns about 84% of the startup, which it acquired as part of its 2018 acquisition of e-commerce platform Flipkart. PhonePe's target valuation would imply a multiple of 13 times sales for the year to end March 2026, assuming its topline grows at the same 40% pace as it did in the previous year. That compares to 9 times Paytm-owner One97 Communications PAYT.NS commands among investors.
PhonePe is superior in multiple ways. Though Paytm swung to profit in the June quarter, PhonePe's losses are narrowing and it has faced none of the regulatory heat that has mired its rival. The Walmart unit also enjoys a 46% share in transactions passing through India's homegrown bank-to-bank mobile payments system, where its closest competitor is an application owned by Alphabet's GOOGL.O Google.
Yet simple payment transactions earn no fees in India. To profit, PhonePe needs to gradually convert its 200 million monthly active users and 40 million-strong merchant network into customers of financial products, from loans to insurance and mutual funds.
It's a promise that Paytm is starting to realise. Its revenue from financial services distribution doubled during the year to end June and accounted for 29% of its quarterly topline. PhonePe, by virtue of its bigger share of payments, ought to have a larger database spanning utility bill payments to restaurant outings that it can leverage to decide who is creditworthy.
The upstart will probably churn out a different, slightly lower, class of customer to those chased by India's traditional lenders, including HDFC Bank HDBK.NS and ICICI Bank ICBK.NS. They already have strong digital sourcing engines, however, so there will be some overlap in who they target. And the $72 billion Bajaj Finance BJFN.NS has a formidable grip on the consumer loan market too that's proven hard to break.
Yet if India is to produce anything like a real fintech winner, PhonePe is more than likely to be it.
Follow Shritama Bose on Linkedin and X.
CONTEXT NEWS
Walmart-backed Indian fintech firm PhonePe on September 24 said it has confidentially filed for a Mumbai initial public offering.
The company plans to raise around 120 billion rupees ($1.35 billion) through a sale of existing shares, Moneycontrol reported on the same day, citing unnamed industry sources. Walmart, Tiger Global and Microsoft could sell a combined 10% stake in the IPO, the report added.
PhonePe narrowed losses during the year ended March 31 to 17.3 billion rupees ($194.7 million) from 19.96 billion rupees ($225 million) in the previous 12-month period, the company said in a regulatory filing on September 22.
PhonePe and Google form a payments duopoly in India https://www.reuters.com/graphics/BRV-BRV/egvbqgdnbpq/chart.png
(Editing by Una Galani; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Sept 29 (Reuters Breakingviews) - India's financial technology startups are lining up for credit. Among them is Walmart-backed WMT.N payments champion PhonePe, which on Wednesday said it has confidentially filed for an initial public offering in Mumbai. A mooted $15 billion valuationlooks punchy, but its shot at grabbing the ultimate fintech prize in the country is half decent.
The U.S. retailer owns about 84% of the startup, which it acquired as part of its 2018 acquisition of e-commerce platform Flipkart. PhonePe's target valuation would imply a multiple of 13 times sales for the year to end March 2026, assuming its topline grows at the same 40% pace as it did in the previous year. That compares to 9 times Paytm-owner One97 Communications PAYT.NS commands among investors.
PhonePe is superior in multiple ways. Though Paytm swung to profit in the June quarter, PhonePe's losses are narrowing and it has faced none of the regulatory heat that has mired its rival. The Walmart unit also enjoys a 46% share in transactions passing through India's homegrown bank-to-bank mobile payments system, where its closest competitor is an application owned by Alphabet's GOOGL.O Google.
Yet simple payment transactions earn no fees in India. To profit, PhonePe needs to gradually convert its 200 million monthly active users and 40 million-strong merchant network into customers of financial products, from loans to insurance and mutual funds.
It's a promise that Paytm is starting to realise. Its revenue from financial services distribution doubled during the year to end June and accounted for 29% of its quarterly topline. PhonePe, by virtue of its bigger share of payments, ought to have a larger database spanning utility bill payments to restaurant outings that it can leverage to decide who is creditworthy.
The upstart will probably churn out a different, slightly lower, class of customer to those chased by India's traditional lenders, including HDFC Bank HDBK.NS and ICICI Bank ICBK.NS. They already have strong digital sourcing engines, however, so there will be some overlap in who they target. And the $72 billion Bajaj Finance BJFN.NS has a formidable grip on the consumer loan market too that's proven hard to break.
Yet if India is to produce anything like a real fintech winner, PhonePe is more than likely to be it.
Follow Shritama Bose on Linkedin and X.
CONTEXT NEWS
Walmart-backed Indian fintech firm PhonePe on September 24 said it has confidentially filed for a Mumbai initial public offering.
The company plans to raise around 120 billion rupees ($1.35 billion) through a sale of existing shares, Moneycontrol reported on the same day, citing unnamed industry sources. Walmart, Tiger Global and Microsoft could sell a combined 10% stake in the IPO, the report added.
PhonePe narrowed losses during the year ended March 31 to 17.3 billion rupees ($194.7 million) from 19.96 billion rupees ($225 million) in the previous 12-month period, the company said in a regulatory filing on September 22.
PhonePe and Google form a payments duopoly in India https://www.reuters.com/graphics/BRV-BRV/egvbqgdnbpq/chart.png
(Editing by Una Galani; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
BREAKINGVIEWS-SoftBank's payments unicorn holds a fintech mystery
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
By Hudson Lockett
HONG KONG, Sept 17 (Reuters Breakingviews) - The pitch is easy to picture: Masayoshi Son's digital wallet group, manning the vanguard in Tokyo's bid to throw off the grip of king cash in the country, is eyeing what could be the biggest Japanese initial public offering on Wall Street. His SoftBank Group 9984.T has selected investment banks to list its PayPay unit as soon as the fourth quarter this year in a deal that could raise more than $2 billion, per a Reuters report last month, citing sources. But PayPay's tangle of other digital finance units could complicate matters.
The bull case is straightforward: analysts at Morningstar figure PayPay has a roughly 70% share of Japan’s QR code payments, estimated by the government at 13.5 trillion yen ($91 billion) last year. That’s almost 10% of all non-cash payments nationwide, up from next to nothing in 2018 and with room to grow as cash's share shrinks further from about 60% in 2024. The company, which turned profitable in the 2023 fiscal year, says about half of Japan's population uses its app based on total registered users of 70 million.
U.S. peer PayPal's PYPL.O enterprise trades on 9.8 times last year's EBITDA. On that metric, PayPay's could be worth $3.8 billion based on the 57.2 billion yen of consolidated EBITDA reported in 2024. That's far below the roughly $7 billion valuation implied by Indian stakeholder Paytm's PAYT.NS options deal struck last December. It's also less than half the mooted $10 billion price tag SoftBank is seeking, as reportedby Bloomberg, citing people familiar with the matter-though that figure may not include debt.
PayPay's fast growth and dominant position can help. But even that might be overegging it. Its monthly active accounts totalled 38 million at the end of June, suggesting many registered users have since ditched the app. And while Japan’s government is targeting an 80% cashless transaction rate by 2030, credit and debit cards have driven the vast majority of digital gains over the past decade and still account for 86% of non-cash payments.
The potential need for another leg up may help explain why affiliated credit card, securities and digital banking operations were restructured into subsidiaries of PayPay starting in 2022. Analysts tip margins at PayPay to improve further as transaction values grow in tandem with business at PayPay Card and PayPay Bank, with use of services at these fintech arms helping funnel users back to the payments app in a virtuous, lucrative loop.
But the lender faces an uphill battle against more established digital rivals such as Rakuten Bank 5838.T, whose first-quarter deposit balance of 11.4 trillion yen was more than quintuple that of PayPay's contender. PayPay's securities business meanwhile pales in scale against established giants like Nomura 8604.T and Mitsubishi UFJ Financial 8306.T. That's not to say these businesses can't have real synergies. But if the ultimate goal of SoftBank's payment app offering is to provide Japan's consumers with a one-stop super fintech app, then the company has yet to detail those plans to investors.
Follow Hudson Lockett on Bluesky and X.
CONTEXT NEWS
PayPay, the operator of Japan’s most popular QR-code payments application, filed a confidential application to list in the U.S. on August 14.
The SoftBank-owned business is seeking a valuation of $10 billion or more, per a Bloomberg report citing unnamed sources on August 15. PayPay could raise more than $2 billion, according to an August 10 Reuters report citing people familiar with plans for the listing, which could take place as soon as the fourth quarter.
Credit cards dominate Japan's digital payments market https://www.reuters.com/graphics/BRV-BRV/gdvzbellrvw/chart.png
(Editing by Robyn Mak; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on LOCKETT/ [email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
By Hudson Lockett
HONG KONG, Sept 17 (Reuters Breakingviews) - The pitch is easy to picture: Masayoshi Son's digital wallet group, manning the vanguard in Tokyo's bid to throw off the grip of king cash in the country, is eyeing what could be the biggest Japanese initial public offering on Wall Street. His SoftBank Group 9984.T has selected investment banks to list its PayPay unit as soon as the fourth quarter this year in a deal that could raise more than $2 billion, per a Reuters report last month, citing sources. But PayPay's tangle of other digital finance units could complicate matters.
The bull case is straightforward: analysts at Morningstar figure PayPay has a roughly 70% share of Japan’s QR code payments, estimated by the government at 13.5 trillion yen ($91 billion) last year. That’s almost 10% of all non-cash payments nationwide, up from next to nothing in 2018 and with room to grow as cash's share shrinks further from about 60% in 2024. The company, which turned profitable in the 2023 fiscal year, says about half of Japan's population uses its app based on total registered users of 70 million.
U.S. peer PayPal's PYPL.O enterprise trades on 9.8 times last year's EBITDA. On that metric, PayPay's could be worth $3.8 billion based on the 57.2 billion yen of consolidated EBITDA reported in 2024. That's far below the roughly $7 billion valuation implied by Indian stakeholder Paytm's PAYT.NS options deal struck last December. It's also less than half the mooted $10 billion price tag SoftBank is seeking, as reportedby Bloomberg, citing people familiar with the matter-though that figure may not include debt.
PayPay's fast growth and dominant position can help. But even that might be overegging it. Its monthly active accounts totalled 38 million at the end of June, suggesting many registered users have since ditched the app. And while Japan’s government is targeting an 80% cashless transaction rate by 2030, credit and debit cards have driven the vast majority of digital gains over the past decade and still account for 86% of non-cash payments.
The potential need for another leg up may help explain why affiliated credit card, securities and digital banking operations were restructured into subsidiaries of PayPay starting in 2022. Analysts tip margins at PayPay to improve further as transaction values grow in tandem with business at PayPay Card and PayPay Bank, with use of services at these fintech arms helping funnel users back to the payments app in a virtuous, lucrative loop.
But the lender faces an uphill battle against more established digital rivals such as Rakuten Bank 5838.T, whose first-quarter deposit balance of 11.4 trillion yen was more than quintuple that of PayPay's contender. PayPay's securities business meanwhile pales in scale against established giants like Nomura 8604.T and Mitsubishi UFJ Financial 8306.T. That's not to say these businesses can't have real synergies. But if the ultimate goal of SoftBank's payment app offering is to provide Japan's consumers with a one-stop super fintech app, then the company has yet to detail those plans to investors.
Follow Hudson Lockett on Bluesky and X.
CONTEXT NEWS
PayPay, the operator of Japan’s most popular QR-code payments application, filed a confidential application to list in the U.S. on August 14.
The SoftBank-owned business is seeking a valuation of $10 billion or more, per a Bloomberg report citing unnamed sources on August 15. PayPay could raise more than $2 billion, according to an August 10 Reuters report citing people familiar with plans for the listing, which could take place as soon as the fourth quarter.
Credit cards dominate Japan's digital payments market https://www.reuters.com/graphics/BRV-BRV/gdvzbellrvw/chart.png
(Editing by Robyn Mak; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on LOCKETT/ [email protected]))
India's Paytm jumps after RBI clears unit's licence
** Shares of Paytm PAYT.NS jump 11% this week, set for the best weekly gain since November
** Stock gains 20% in the last two weeks
** Co's unit received RBI's approval last week to operate as a payment aggregator, lifting a merchant onboarding ban in place since November 2022
** 16 analysts covering PAYT have a "buy" rating on average; median PT is 1,160 rupees , data compiled by LSEG
** Stock up 29% YTD
(Reporting by Urvi Dugar)
** Shares of Paytm PAYT.NS jump 11% this week, set for the best weekly gain since November
** Stock gains 20% in the last two weeks
** Co's unit received RBI's approval last week to operate as a payment aggregator, lifting a merchant onboarding ban in place since November 2022
** 16 analysts covering PAYT have a "buy" rating on average; median PT is 1,160 rupees , data compiled by LSEG
** Stock up 29% YTD
(Reporting by Urvi Dugar)
India's PayNearby plans to go public next year, CEO says
By Nishit Navin
BENGALURU, Aug 21 (Reuters) - Indian fintech firm PayNearby plans to launch an initial public offering in the next financial year to fund expansion, its chief executive said on Thursday, making it the latest to target a red-hot market that raised record sums in 2024.
India was the world's second-biggest IPO market after the United States in the first half of 2025, accounting for 12% of total proceeds globally, LSEG data shows.
"We have met three merchant bankers and are in the process of identifying the one to go ahead with for the IPO. Then we will begin the process of filing the draft red herring prospectus," CEO and Managing Director Anand Kumar Bajaj said in an interview.
Indian fintech giants such as Paytm PAYT.NS, PhonePe and BharatPe dominate the market with payments and lending, but PayNearby takes a different route by building a vast network of neighborhood retailers to deliver digital services.
The company provides financial services to retail stores, thereby enabling them to offer cash withdrawal, remittance, bill payment and other services to their local communities and expects revenue to grow about 10% in the current fiscal year.
It reported gross revenue of about 3 billion rupees ($34.9 million) and profit of 120 million rupees in the year ended March 2025.
PayNearby, which has partnered with 1.2 million retailers, plans to add 500,000 more to that network over the next two years, Bajaj said. It also aims to hire around 550 to 600 employees by the end of the current fiscal year.
($1 = 87.2490 Indian rupees)
(Reporting by Nishit Navin; Editing by Dhanya Skariachan and Nivedita Bhattacharjee)
(([email protected];))
By Nishit Navin
BENGALURU, Aug 21 (Reuters) - Indian fintech firm PayNearby plans to launch an initial public offering in the next financial year to fund expansion, its chief executive said on Thursday, making it the latest to target a red-hot market that raised record sums in 2024.
India was the world's second-biggest IPO market after the United States in the first half of 2025, accounting for 12% of total proceeds globally, LSEG data shows.
"We have met three merchant bankers and are in the process of identifying the one to go ahead with for the IPO. Then we will begin the process of filing the draft red herring prospectus," CEO and Managing Director Anand Kumar Bajaj said in an interview.
Indian fintech giants such as Paytm PAYT.NS, PhonePe and BharatPe dominate the market with payments and lending, but PayNearby takes a different route by building a vast network of neighborhood retailers to deliver digital services.
The company provides financial services to retail stores, thereby enabling them to offer cash withdrawal, remittance, bill payment and other services to their local communities and expects revenue to grow about 10% in the current fiscal year.
It reported gross revenue of about 3 billion rupees ($34.9 million) and profit of 120 million rupees in the year ended March 2025.
PayNearby, which has partnered with 1.2 million retailers, plans to add 500,000 more to that network over the next two years, Bajaj said. It also aims to hire around 550 to 600 employees by the end of the current fiscal year.
($1 = 87.2490 Indian rupees)
(Reporting by Nishit Navin; Editing by Dhanya Skariachan and Nivedita Bhattacharjee)
(([email protected];))
India's Paytm hits over 3-year high on RBI nod for online aggregator licence
** India's Paytm PAYT.NS jumps 5.4% to 1,180 rupees, its highest level since early January 2022
** Fintech firm says Reserve Bank of India has granted authorisation to unit Paytm Payments Services to operate as an online payment aggregator
** Co has been restricted from on-boarding new online merchants in its payment gateway business since November 2022
** Brokerage Citi says the licence win is a positive for sentiments as it lifts a major regulatory restriction on co's business
** Co can now leverage its relative scale and product development capabilities to be more competitive vs earlier in the segment, it adds
** Avg rating of 16 analysts on PAYT is "buy"; median PT is 1,160 rupees - data compiled by LSEG
** Stock has gained ~10% so far in 2025
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** India's Paytm PAYT.NS jumps 5.4% to 1,180 rupees, its highest level since early January 2022
** Fintech firm says Reserve Bank of India has granted authorisation to unit Paytm Payments Services to operate as an online payment aggregator
** Co has been restricted from on-boarding new online merchants in its payment gateway business since November 2022
** Brokerage Citi says the licence win is a positive for sentiments as it lifts a major regulatory restriction on co's business
** Co can now leverage its relative scale and product development capabilities to be more competitive vs earlier in the segment, it adds
** Avg rating of 16 analysts on PAYT is "buy"; median PT is 1,160 rupees - data compiled by LSEG
** Stock has gained ~10% so far in 2025
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
Paytm Says Reserve Bank Of India Granted Authorisation To Paytm Payments Services
Aug 12 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM - RESERVE BANK OF INDIA GRANTED ‘IN-PRINCIPLE’ AUTHORISATION TO Paytm Payments Services
PAYTM - AUTHORISATION TO PPSL TO OPERATE AS AN ONLINE PAYMENT AGGREGATOR
Further company coverage: PAYT.NS
(([email protected];))
Aug 12 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM - RESERVE BANK OF INDIA GRANTED ‘IN-PRINCIPLE’ AUTHORISATION TO Paytm Payments Services
PAYTM - AUTHORISATION TO PPSL TO OPERATE AS AN ONLINE PAYMENT AGGREGATOR
Further company coverage: PAYT.NS
(([email protected];))
Ant Group Sells 37.3 Million Shares In India's Paytm Via Bulk Deal - Exchange Data
Aug 5 (Reuters) - Ant Group Co Ltd 688688.SS:
ANT GROUP SELLS 37.3 MILLION SHARES IN INDIA'S PAYTM VIA BULK DEAL - EXCHANGE DATA
Source text: [ID:]
Further company coverage: 688688.SS
(([email protected];;))
Aug 5 (Reuters) - Ant Group Co Ltd 688688.SS:
ANT GROUP SELLS 37.3 MILLION SHARES IN INDIA'S PAYTM VIA BULK DEAL - EXCHANGE DATA
Source text: [ID:]
Further company coverage: 688688.SS
(([email protected];;))
India's Paytm gains on swinging to profit, upbeat forecast
** India's Paytm PAYT.NS jumps as much as 2.9% in early trade before paring gains; last up 0.1%
** Fintech firm posts first quarterly profit since September 2024, driven by robust growth in lending business and tight cost controls, and expects further earnings boost
** Improving core business resulted in strong earnings, says Jefferies; upgrades stock to "buy" from "hold"
** Adds, PAYT has done well to rebound from regulatory and business issues in 2024 by managing costs and rebuilding business momentum
** Emkay Global ("buy," PT: 1,350 rupees) says PAYT is executing well on acquiring merchants, leveraging its "superior" soundbox products and distributing loans
** Co's disbursement growth expected to remain healthy given improving tailwinds in unsecured lending - Motilal Oswal ("neutral," PT: 1,025 rupees)
** Stock up 3.3% YTD
(Reporting by Kashish Tandon in Bengaluru)
** India's Paytm PAYT.NS jumps as much as 2.9% in early trade before paring gains; last up 0.1%
** Fintech firm posts first quarterly profit since September 2024, driven by robust growth in lending business and tight cost controls, and expects further earnings boost
** Improving core business resulted in strong earnings, says Jefferies; upgrades stock to "buy" from "hold"
** Adds, PAYT has done well to rebound from regulatory and business issues in 2024 by managing costs and rebuilding business momentum
** Emkay Global ("buy," PT: 1,350 rupees) says PAYT is executing well on acquiring merchants, leveraging its "superior" soundbox products and distributing loans
** Co's disbursement growth expected to remain healthy given improving tailwinds in unsecured lending - Motilal Oswal ("neutral," PT: 1,025 rupees)
** Stock up 3.3% YTD
(Reporting by Kashish Tandon in Bengaluru)
One 97 Communications Approves EPC Contract For IT/ITES Complex In Noida
July 22 (Reuters) - One 97 Communications Ltd PAYT.NS:
ONE 97 COMMUNICATIONS LTD - APPROVES EPC CONTRACT FOR IT/ITES COMPLEX IN NOIDA
PAYTM - TOTAL DEVELOPMENT COST ESTIMATED TO BE APPROXIMATELY 8 BILLION RUPEES
PAYTM - TO ENGAGE ADANI INFRASTRUCTURE SUBSIDIARY AS AN EPC CONTRACTOR FOR NOIDA PROJECT
Source text: ID:nBSE4J2hP3
Further company coverage: PAYT.NS
(([email protected];;))
July 22 (Reuters) - One 97 Communications Ltd PAYT.NS:
ONE 97 COMMUNICATIONS LTD - APPROVES EPC CONTRACT FOR IT/ITES COMPLEX IN NOIDA
PAYTM - TOTAL DEVELOPMENT COST ESTIMATED TO BE APPROXIMATELY 8 BILLION RUPEES
PAYTM - TO ENGAGE ADANI INFRASTRUCTURE SUBSIDIARY AS AN EPC CONTRACTOR FOR NOIDA PROJECT
Source text: ID:nBSE4J2hP3
Further company coverage: PAYT.NS
(([email protected];;))
One 97 Communications Says Paytm Cloud Technologies Incorporates Subsidiary In Saudi Arabia
July 17 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM CLOUD TECHNOLOGIES INCORPORATES SUBSIDIARY IN SAUDI ARABIA
Source text: ID:nBSE1nHWjm
Further company coverage: PAYT.NS
(([email protected];;))
July 17 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM CLOUD TECHNOLOGIES INCORPORATES SUBSIDIARY IN SAUDI ARABIA
Source text: ID:nBSE1nHWjm
Further company coverage: PAYT.NS
(([email protected];;))
India's Paytm slumps after government says reports of UPI transaction fees false
June 12 (Reuters) - Shares of digital payments firm Paytm PAYT.NS slumped as much as 10% on Thursday after India's finance ministry said that reports about the introduction of fees on the popular unified payments interface (UPI) transactions were false and baseless.
The shares posted their sharpest intraday fall since February 2024, before coming off lows to trade down 8%. India's benchmark Nifty 50 .NSEI was trading 0.2% lower.
In India, merchants pay fees to banks or payment service providers, such as Paytm, for transactions. There is no fees on UPI payments.
The delay or non-introduction of the fees is "sentiment negative for Paytm", brokerage UBS said, adding that the firm's adjusted core profits could decline more than 10% in fiscal years 2026 and 2027 if increased incentives are absent.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; X: @MukherjeeHritam;))
June 12 (Reuters) - Shares of digital payments firm Paytm PAYT.NS slumped as much as 10% on Thursday after India's finance ministry said that reports about the introduction of fees on the popular unified payments interface (UPI) transactions were false and baseless.
The shares posted their sharpest intraday fall since February 2024, before coming off lows to trade down 8%. India's benchmark Nifty 50 .NSEI was trading 0.2% lower.
In India, merchants pay fees to banks or payment service providers, such as Paytm, for transactions. There is no fees on UPI payments.
The delay or non-introduction of the fees is "sentiment negative for Paytm", brokerage UBS said, adding that the firm's adjusted core profits could decline more than 10% in fiscal years 2026 and 2027 if increased incentives are absent.
(Reporting by Hritam Mukherjee in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; X: @MukherjeeHritam;))
China's Ant Group sells $246 million worth of Paytm shares in block trade, term sheet shows
SYDNEY, May 13 (Reuters) - China's Ant Group has sold 25.5 million Paytm PAYT.NS shares at 823.10 Indian rupees ($9.69) apiece to raise $246 million in a block trade, according to a term sheet seen by Reuters.
($1 = 84.9025 Indian rupees)
(Reporting by Scott Murdoch; Editing by Himani Sarkar)
(([email protected];))
SYDNEY, May 13 (Reuters) - China's Ant Group has sold 25.5 million Paytm PAYT.NS shares at 823.10 Indian rupees ($9.69) apiece to raise $246 million in a block trade, according to a term sheet seen by Reuters.
($1 = 84.9025 Indian rupees)
(Reporting by Scott Murdoch; Editing by Himani Sarkar)
(([email protected];))
India's Paytm, founder settle with markets regulator in stock options case
Adds details, background paragraph 3 onwards
May 8 (Reuters) - Indian payments firm Paytm PAYT.NS and its founder and CEO Vijay Shekhar Sharma have settled an employee stock options violations case with the country's markets regulator, the Securities and Exchange Board of India said on Thursday.
As part of the settlement, Sharma has been prohibited from accepting fresh employee stock options (ESOPs) from any listed company for three years, while Paytm and Sharma each paid 11.1 million rupees ($129,884) each, SEBI said.
Last August, the SEBI determined that the grant of 21 million ESOPs to Sharma violated its rules governing share-based employee benefits. As per Indian rules, large shareholders who can influence company decisions cannot hold ESOPs.
Consequently, last month, Sharma had foregone these ESOPs and as a result, Paytm took a related 4.92 billion rupees one-time charge in the previous quarter.
Sharma owned a 14.7% stake in Paytm a year before the company went public in 2021. To become eligible for ESOP grants, he reduced his shareholding to 9.1% by transferring 30.97 million shares to Axis Trustee Services, which acted on behalf of the Sharma family trust.
Sharma's brother, Ajay Shekhar Sharma, also settled with SEBI in the same case by cancelling the stock options granted to him.
($1 = 85.4610 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Savio D'Souza)
(([email protected]; 8800437922;))
Adds details, background paragraph 3 onwards
May 8 (Reuters) - Indian payments firm Paytm PAYT.NS and its founder and CEO Vijay Shekhar Sharma have settled an employee stock options violations case with the country's markets regulator, the Securities and Exchange Board of India said on Thursday.
As part of the settlement, Sharma has been prohibited from accepting fresh employee stock options (ESOPs) from any listed company for three years, while Paytm and Sharma each paid 11.1 million rupees ($129,884) each, SEBI said.
Last August, the SEBI determined that the grant of 21 million ESOPs to Sharma violated its rules governing share-based employee benefits. As per Indian rules, large shareholders who can influence company decisions cannot hold ESOPs.
Consequently, last month, Sharma had foregone these ESOPs and as a result, Paytm took a related 4.92 billion rupees one-time charge in the previous quarter.
Sharma owned a 14.7% stake in Paytm a year before the company went public in 2021. To become eligible for ESOP grants, he reduced his shareholding to 9.1% by transferring 30.97 million shares to Axis Trustee Services, which acted on behalf of the Sharma family trust.
Sharma's brother, Ajay Shekhar Sharma, also settled with SEBI in the same case by cancelling the stock options granted to him.
($1 = 85.4610 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Savio D'Souza)
(([email protected]; 8800437922;))
Paytm Says Exploring Opportunities In Select International Geographies
May 6 (Reuters) - One 97 Communications Ltd PAYT.NS:
- INCURS ONE TIME CHARGE OF 5.22 BILLION RUPEES IN Q4
- Q4 ONE-TIME CHARGE INCLUDES ACCELERATED CHARGE OF 4.92 BILLION RUPEES AFTER CEO SAID WILL FOREGO ESOPS
- INDUSTRY EXPECTS MDR ON UPI FOR LARGE MERCHANTS TO BE ALLOWED IN NEAR FUTURE
- EXPECT INDIRECT EXPENSES TO INCREASE IN Q1 FY 2026 ON ACCOUNT OF ANNUAL APPRAISALS
- FROM Q1 FY 2026, ESOP COST WILL BE SUBSTANTIALLY LOWER
- Q1 FY 2026 ESOP COST ESTIMATED TO BE IN THE RANGE OF 750 MLN RUPEES TO 1 BLN RUPEES
- EXPECT CAPEX TO INCREASE IN LINE WITH INCREASED PACE OF DEVICE DEPLOYMENT
- LOOKING AHEAD, ANTICIPATE GROWTH IN FINANCIAL SERVICES CUSTOMERS IN LOAN DISTRIBUTION, PAYTM MONEY
- GOING FORWARD CAPEX WILL BE MUCH LOWER THAN FY 2024 LEVELS (PRE DISRUPTION)
- EXPLORING OPPORTUNITIES IN SELECT INTERNATIONAL GEOGRAPHIES
- PLAN TO INCREASE HIGH MARGIN FINANCIAL SERVICES REVENUE BY EXPANDING PARTNERS AND PRODUCTS
- EXPECT D&A EXPENSES TO BE IN THE RANGE OF 5-6 BLN RUPEES IN FY 2026
Source text: ID:nNSE63d218
Further company coverage: PAYT.NS
(([email protected];))
May 6 (Reuters) - One 97 Communications Ltd PAYT.NS:
- INCURS ONE TIME CHARGE OF 5.22 BILLION RUPEES IN Q4
- Q4 ONE-TIME CHARGE INCLUDES ACCELERATED CHARGE OF 4.92 BILLION RUPEES AFTER CEO SAID WILL FOREGO ESOPS
- INDUSTRY EXPECTS MDR ON UPI FOR LARGE MERCHANTS TO BE ALLOWED IN NEAR FUTURE
- EXPECT INDIRECT EXPENSES TO INCREASE IN Q1 FY 2026 ON ACCOUNT OF ANNUAL APPRAISALS
- FROM Q1 FY 2026, ESOP COST WILL BE SUBSTANTIALLY LOWER
- Q1 FY 2026 ESOP COST ESTIMATED TO BE IN THE RANGE OF 750 MLN RUPEES TO 1 BLN RUPEES
- EXPECT CAPEX TO INCREASE IN LINE WITH INCREASED PACE OF DEVICE DEPLOYMENT
- LOOKING AHEAD, ANTICIPATE GROWTH IN FINANCIAL SERVICES CUSTOMERS IN LOAN DISTRIBUTION, PAYTM MONEY
- GOING FORWARD CAPEX WILL BE MUCH LOWER THAN FY 2024 LEVELS (PRE DISRUPTION)
- EXPLORING OPPORTUNITIES IN SELECT INTERNATIONAL GEOGRAPHIES
- PLAN TO INCREASE HIGH MARGIN FINANCIAL SERVICES REVENUE BY EXPANDING PARTNERS AND PRODUCTS
- EXPECT D&A EXPENSES TO BE IN THE RANGE OF 5-6 BLN RUPEES IN FY 2026
Source text: ID:nNSE63d218
Further company coverage: PAYT.NS
(([email protected];))
Paytm Says PCTL Incorporated Paytm Arab Payments In United Arab Emirates
April 30 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM - PCTL INCORPORATED PAYTM ARAB PAYMENTS IN UNITED ARAB EMIRATES
PAYTM - UNIT APPROVED SUBSCRIPTION AMOUNT OF AED 8 MILLION FOR ACQUISITION OF PAYTM ARAB SHARES
Source text: ID:nBSE5TCLCq
Further company coverage: PAYT.NS
(([email protected];))
April 30 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM - PCTL INCORPORATED PAYTM ARAB PAYMENTS IN UNITED ARAB EMIRATES
PAYTM - UNIT APPROVED SUBSCRIPTION AMOUNT OF AED 8 MILLION FOR ACQUISITION OF PAYTM ARAB SHARES
Source text: ID:nBSE5TCLCq
Further company coverage: PAYT.NS
(([email protected];))
India's Paytm founder foregoes 21 million ESOPs
April 16 (Reuters) - India's Paytm PAYT.NS said on Wednesday founder and CEO Vijay Shekhar Sharma has foregone all 21 million employee stock options granted to him, months after the country's markets regulator issued show-cause notices over violation of rules on grant of share-based employee benefits.
(Reporting by Kashish Tandon in Bengaluru; Editing by Anil D'Silva)
(([email protected]; 8800437922;))
April 16 (Reuters) - India's Paytm PAYT.NS said on Wednesday founder and CEO Vijay Shekhar Sharma has foregone all 21 million employee stock options granted to him, months after the country's markets regulator issued show-cause notices over violation of rules on grant of share-based employee benefits.
(Reporting by Kashish Tandon in Bengaluru; Editing by Anil D'Silva)
(([email protected]; 8800437922;))
Paytm Partners With GHMC To Deploy 400 Card Machines
April 2 (Reuters) - One 97 Communications Ltd PAYT.NS:
ONE 97 COMMUNICATIONS LTD - PAYTM PARTNERS WITH GHMC TO DEPLOY 400 CARD MACHINES
Source text: ID:nBSEbTRRhQ
Further company coverage: PAYT.NS
(([email protected];))
April 2 (Reuters) - One 97 Communications Ltd PAYT.NS:
ONE 97 COMMUNICATIONS LTD - PAYTM PARTNERS WITH GHMC TO DEPLOY 400 CARD MACHINES
Source text: ID:nBSEbTRRhQ
Further company coverage: PAYT.NS
(([email protected];))
India's Paytm, One Mobikwik Systems fall after lower UPI incentives
** Shares of Paytm PAYT.NS fall 4.6% to 727.80 rupees, One Mobikwik Systems ONEM.NS down 5% to 316.90 rupees
** India's union cabinet approved incentive of 15 bln rupees ($174 mln) for low-value UPI transactions between April 1, 2024 to March 31, 2025
** UPI is a real-time payment system to transfer money between bank accounts
** Brokerage Jefferies said government's incentives for low-value UPI transactions are half of last year's despite rise in such transactions
** Introduction of merchant charges (MDR) on UPI transactions could help Paytm in offsetting impact from reduction in UPI incentives, Jefferies says
** Paytm set to fall after gaining for three straight sessions, down ~28% YTD
** ONEM down ~45% in 2025
($1 = 86.2220 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Paytm PAYT.NS fall 4.6% to 727.80 rupees, One Mobikwik Systems ONEM.NS down 5% to 316.90 rupees
** India's union cabinet approved incentive of 15 bln rupees ($174 mln) for low-value UPI transactions between April 1, 2024 to March 31, 2025
** UPI is a real-time payment system to transfer money between bank accounts
** Brokerage Jefferies said government's incentives for low-value UPI transactions are half of last year's despite rise in such transactions
** Introduction of merchant charges (MDR) on UPI transactions could help Paytm in offsetting impact from reduction in UPI incentives, Jefferies says
** Paytm set to fall after gaining for three straight sessions, down ~28% YTD
** ONEM down ~45% in 2025
($1 = 86.2220 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
One 97 Communications Says SEBI Approves Paytm Money As Research Analyst
March 18 (Reuters) - One 97 Communications Ltd PAYT.NS:
SEBI APPROVES PAYTM MONEY LIMITED AS RESEARCH ANALYST
PAYTM MONEY CAN OFFER SEBI-COMPLIANT RESEARCH SERVICES
Source text: ID:nBSE5Vwrkj
Further company coverage: PAYT.NS
(([email protected];;))
March 18 (Reuters) - One 97 Communications Ltd PAYT.NS:
SEBI APPROVES PAYTM MONEY LIMITED AS RESEARCH ANALYST
PAYTM MONEY CAN OFFER SEBI-COMPLIANT RESEARCH SERVICES
Source text: ID:nBSE5Vwrkj
Further company coverage: PAYT.NS
(([email protected];;))
BREAKINGVIEWS-Walmart's India payments IPO looks hasty
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, March 10 (Reuters Breakingviews) - Walmart WMT.N is looking for a cashback too soon. The U.S. retailer is preparing a Mumbai listing of PhonePe, India's leading facilitator of consumer mobile phone-based payments. But a mooted $15 billion valuation looks punchy, and will draw unflattering comparisons to the disastrous initial public offering of Paytm-owner One 97 Communications PAYT.NS.
The Bentonville, Arkansas-based company picked up PhonePe as part of its 2018 purchase of Flipkart, a deal that valued the e-commerce rival to Amazon AMZN.O at $21 billion. The payments business emerged as a market leader, ahead of Alphabet's GOOGL.O Google Pay and smaller rival Paytm. Through India's Unified Payments Interface channel, PhonePe boasts 530 million customers and a 48% market share, equivalent to $137 billion worth of monthly transactions.
That may not justify an IPO valuation of 25 times sales for the year ended March 2024, however. The multiple is six times its top listed rival: Paytm debuted at 44 times sales in 2021 but the stock has crashed below its IPO price.
True, PhonePe is a superior business in some ways. It has a deep-pocketed American parent and none of the geopolitical worries Paytm suffers as a result of its Chinese backing. An affiliate of Ant Group, a Hangzhou-based financial firm, continues to own almost 10% of the company. PhonePe also has had less trouble with regulators than its rival.
Yet while revenue is growing quickly, PhonePe is unprofitable like Paytm despite slashing the incentives it offers to retain customers. The company generated a net loss of $134 million in the year ended March 2024, financial filings show. That is hard to reverse because New Delhi keeps fees on UPI transactions at zero and is committed to low-cost payments. The government compensates service providers but that is just 10% of PhonePe's revenue.
PhonePe can cross-sell products including consumer loans and insurance but the company could easily lose its edge in the payments market too if India implements a longstanding plan to cap the individual market share of UPI apps at 30% of overall transaction volume.
Minority investors in PhonePe may be impatient for an exit. Plus Walmart paid India about $1 billion in tax in 2022 to redomicile to the country from Singapore. But Indian investors are impatient with lossmaking companies and they will ask why Walmart is testing its luck when memories of the Paytm disaster remain so fresh, instead of waiting for its payments business to prove itself.
Follow @ShritamaBose on X
CONTEXT NEWS
Walmart-backed financial technology startup PhonePe plans to seek a valuation of up to $15 billion in an initial public offering in India, news website Moneycontrol reported on February 25, citing unnamed industry sources.
The digital payments firm is working with Kotak Mahindra Capital, JPMorgan, Citi and Morgan Stanley on the deal, the report addded.
Graphic: Paytm shares have lagged the benchmark since their debut https://reut.rs/43qwieW
(Editing by Una Galani and Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, March 10 (Reuters Breakingviews) - Walmart WMT.N is looking for a cashback too soon. The U.S. retailer is preparing a Mumbai listing of PhonePe, India's leading facilitator of consumer mobile phone-based payments. But a mooted $15 billion valuation looks punchy, and will draw unflattering comparisons to the disastrous initial public offering of Paytm-owner One 97 Communications PAYT.NS.
The Bentonville, Arkansas-based company picked up PhonePe as part of its 2018 purchase of Flipkart, a deal that valued the e-commerce rival to Amazon AMZN.O at $21 billion. The payments business emerged as a market leader, ahead of Alphabet's GOOGL.O Google Pay and smaller rival Paytm. Through India's Unified Payments Interface channel, PhonePe boasts 530 million customers and a 48% market share, equivalent to $137 billion worth of monthly transactions.
That may not justify an IPO valuation of 25 times sales for the year ended March 2024, however. The multiple is six times its top listed rival: Paytm debuted at 44 times sales in 2021 but the stock has crashed below its IPO price.
True, PhonePe is a superior business in some ways. It has a deep-pocketed American parent and none of the geopolitical worries Paytm suffers as a result of its Chinese backing. An affiliate of Ant Group, a Hangzhou-based financial firm, continues to own almost 10% of the company. PhonePe also has had less trouble with regulators than its rival.
Yet while revenue is growing quickly, PhonePe is unprofitable like Paytm despite slashing the incentives it offers to retain customers. The company generated a net loss of $134 million in the year ended March 2024, financial filings show. That is hard to reverse because New Delhi keeps fees on UPI transactions at zero and is committed to low-cost payments. The government compensates service providers but that is just 10% of PhonePe's revenue.
PhonePe can cross-sell products including consumer loans and insurance but the company could easily lose its edge in the payments market too if India implements a longstanding plan to cap the individual market share of UPI apps at 30% of overall transaction volume.
Minority investors in PhonePe may be impatient for an exit. Plus Walmart paid India about $1 billion in tax in 2022 to redomicile to the country from Singapore. But Indian investors are impatient with lossmaking companies and they will ask why Walmart is testing its luck when memories of the Paytm disaster remain so fresh, instead of waiting for its payments business to prove itself.
Follow @ShritamaBose on X
CONTEXT NEWS
Walmart-backed financial technology startup PhonePe plans to seek a valuation of up to $15 billion in an initial public offering in India, news website Moneycontrol reported on February 25, citing unnamed industry sources.
The digital payments firm is working with Kotak Mahindra Capital, JPMorgan, Citi and Morgan Stanley on the deal, the report addded.
Graphic: Paytm shares have lagged the benchmark since their debut https://reut.rs/43qwieW
(Editing by Una Galani and Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
India's Paytm drops after probe agency says co violated forex laws
** Paytm PAYT.NS slips as much as 3.3% to 702.80 rupees
** India's financial crime fighting agency says probe revealed co, units violated foreign exchange laws "to the tune of 6.11 bln rupees (~$70 mln)"
** PAYT says it is working to resolve matter in accordance with applicable laws, regulatory processes
** Stock dropped as much as 4.4% on Monday after co said it got show-cause notice from Enforcement Directorate for allegedly violating Foreign Exchange Management Act during 2015-2019
** Stock rated "hold" on avg; median PT is 950 rupees - data compiled by LSEG
** PAYT drops 29% YTD
($1 = 87.3620 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru)
** Paytm PAYT.NS slips as much as 3.3% to 702.80 rupees
** India's financial crime fighting agency says probe revealed co, units violated foreign exchange laws "to the tune of 6.11 bln rupees (~$70 mln)"
** PAYT says it is working to resolve matter in accordance with applicable laws, regulatory processes
** Stock dropped as much as 4.4% on Monday after co said it got show-cause notice from Enforcement Directorate for allegedly violating Foreign Exchange Management Act during 2015-2019
** Stock rated "hold" on avg; median PT is 950 rupees - data compiled by LSEG
** PAYT drops 29% YTD
($1 = 87.3620 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru)
India's Paytm drops on getting show-cause notice from financial crime fighting agency
** Shares of India's Paytm PAYT.NS shed as much as 4.4% to 683.55 rupees; last down 1.2%
** Stock set for fifth straight session of decline, if losses hold
** Fintech firm says it got show-cause notice from Enforcement Directorate alleging violations of India's Foreign Exchange Management Act during 2015-2019
** Avg rating of 16 analysts on PAYT at "hold"; median PT is 950 rupees - data compiled by LSEG
** Stock drops 31% YTD
(Reporting by Kashish Tandon in Bengaluru)
** Shares of India's Paytm PAYT.NS shed as much as 4.4% to 683.55 rupees; last down 1.2%
** Stock set for fifth straight session of decline, if losses hold
** Fintech firm says it got show-cause notice from Enforcement Directorate alleging violations of India's Foreign Exchange Management Act during 2015-2019
** Avg rating of 16 analysts on PAYT at "hold"; median PT is 950 rupees - data compiled by LSEG
** Stock drops 31% YTD
(Reporting by Kashish Tandon in Bengaluru)
REFILE-India's Paytm receives notice from financial crime fighting agency, sees no business impact
Removes extraneous word 'the' in paragraph 2
March 1 (Reuters) - India's Paytm PAYT.NS received a show cause notice from India's financial crime fighting agency on Saturday for allegedly violating the country's Foreign Exchange Management Act.
The notice relates to violations relating to the acquisition of two subsidiaries - Little Internet Private Limited and Nearbuy India Private Limited for the years 2015 to 2019, Paytm said in a statement.
This pertains to a period when these companies were not subsidiaries of Paytm, it said.
The notice has no impact on its services to its consumers and merchants, the company added.
(Reporting by Harshita Meenaktshi and Aditi Shah; editing by David Evans)
(([email protected];))
Removes extraneous word 'the' in paragraph 2
March 1 (Reuters) - India's Paytm PAYT.NS received a show cause notice from India's financial crime fighting agency on Saturday for allegedly violating the country's Foreign Exchange Management Act.
The notice relates to violations relating to the acquisition of two subsidiaries - Little Internet Private Limited and Nearbuy India Private Limited for the years 2015 to 2019, Paytm said in a statement.
This pertains to a period when these companies were not subsidiaries of Paytm, it said.
The notice has no impact on its services to its consumers and merchants, the company added.
(Reporting by Harshita Meenaktshi and Aditi Shah; editing by David Evans)
(([email protected];))
India Government Says DPIIT Signs MoU With Paytm
Feb 26 (Reuters) - One 97 Communications Ltd PAYT.NS:
INDIA GOVERNMENT: DPIIT SIGNS MOU WITH PAYTM
Source text: [ID:]
Further company coverage: PAYT.NS
(([email protected];))
Feb 26 (Reuters) - One 97 Communications Ltd PAYT.NS:
INDIA GOVERNMENT: DPIIT SIGNS MOU WITH PAYTM
Source text: [ID:]
Further company coverage: PAYT.NS
(([email protected];))
Paytm Launches Solar Soundbox For Merchants
Feb 20 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM - LAUNCHES SOLAR SOUNDBOX FOR MERCHANTS
Source text: ID:nnAPN2NMBXY
Further company coverage: PAYT.NS
(([email protected];))
Feb 20 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM - LAUNCHES SOLAR SOUNDBOX FOR MERCHANTS
Source text: ID:nnAPN2NMBXY
Further company coverage: PAYT.NS
(([email protected];))
One 97 Communications Says Unit Approves $1 Mln Investment In Seven Technology
Feb 3 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM CLOUD APPROVES USD 1 MILLION INVESTMENT IN SEVEN TECHNOLOGY LLC
PAYTM CLOUD TO ACQUIRE 25% STAKE IN SEVEN TECHNOLOGY LLC
SEVEN TECHNOLOGY, DINIE WILL BECOME ASSOCIATE ENTITIES
Source text: ID:nBSE1ZDRtg
Further company coverage: PAYT.NS
(([email protected];;))
Feb 3 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM CLOUD APPROVES USD 1 MILLION INVESTMENT IN SEVEN TECHNOLOGY LLC
PAYTM CLOUD TO ACQUIRE 25% STAKE IN SEVEN TECHNOLOGY LLC
SEVEN TECHNOLOGY, DINIE WILL BECOME ASSOCIATE ENTITIES
Source text: ID:nBSE1ZDRtg
Further company coverage: PAYT.NS
(([email protected];;))
Paytm - Resignation Of Nakul Jain, Managing Director And CEO Of Paytm Payments Services Limited
Jan 27 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM - RESIGNATION OF NAKUL JAIN, MANAGING DIRECTOR AND CEO OF PAYTM PAYMENTS SERVICES LIMITED
PAYTM - JAIN HAS RESIGNED FROM HIS POSITION W.E.F. CLOSE OF BUSINESS HOURS ON MARCH 31, 2025 OR AN EARLIER MUTUALLY AGREED DATE
Source text: [https://tinyurl.com/2d8fz3n6]
Further company coverage: PAYT.NS
(([email protected];))
Jan 27 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM - RESIGNATION OF NAKUL JAIN, MANAGING DIRECTOR AND CEO OF PAYTM PAYMENTS SERVICES LIMITED
PAYTM - JAIN HAS RESIGNED FROM HIS POSITION W.E.F. CLOSE OF BUSINESS HOURS ON MARCH 31, 2025 OR AN EARLIER MUTUALLY AGREED DATE
Source text: [https://tinyurl.com/2d8fz3n6]
Further company coverage: PAYT.NS
(([email protected];))
Paytm Confirms No New Notice From Enforcement Directorate
Jan 24 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM CONFIRMS NO NEW NOTICE FROM ENFORCEMENT DIRECTORATE
CONFIRM CO HAD FULLY COOPERATED WITH AUTHORITIES AND HAD COMPLIED WITH ALL THEIR DIRECTIVES
CLARIFIES NO PROBE ON COMPANY OR SUBSIDIARIES, ED’S PROBE ON THIRD-PARTY MERCHANTS
Source text: ID:nBSE7ZV16n
Further company coverage: PAYT.NS
(([email protected];;))
Jan 24 (Reuters) - One 97 Communications Ltd PAYT.NS:
PAYTM CONFIRMS NO NEW NOTICE FROM ENFORCEMENT DIRECTORATE
CONFIRM CO HAD FULLY COOPERATED WITH AUTHORITIES AND HAD COMPLIED WITH ALL THEIR DIRECTIVES
CLARIFIES NO PROBE ON COMPANY OR SUBSIDIARIES, ED’S PROBE ON THIRD-PARTY MERCHANTS
Source text: ID:nBSE7ZV16n
Further company coverage: PAYT.NS
(([email protected];;))
India's Paytm posts narrower sequential loss before one-offs on payments business recovery
Corrects to 2.04 billion rupees, from 2.08 billion rupees, in paragraph 2
Jan 20 (Reuters) - India's Paytm PAYT.NS reported a narrower sequential loss before exceptional items on Monday as its digital payments business recovered from the winding down of its payments bank unit.
The company posted a loss of 2.04 billion rupees ($23.58 million) before exceptional items and tax for the third quarter ended Dec. 31, compared to a 4.07-billion-rupee loss in the previous quarter.
($1 = 86.4750 Indian rupees)
(Reporting by Nishit Navin)
(([email protected];))
Corrects to 2.04 billion rupees, from 2.08 billion rupees, in paragraph 2
Jan 20 (Reuters) - India's Paytm PAYT.NS reported a narrower sequential loss before exceptional items on Monday as its digital payments business recovered from the winding down of its payments bank unit.
The company posted a loss of 2.04 billion rupees ($23.58 million) before exceptional items and tax for the third quarter ended Dec. 31, compared to a 4.07-billion-rupee loss in the previous quarter.
($1 = 86.4750 Indian rupees)
(Reporting by Nishit Navin)
(([email protected];))
India's SEBI says Paytm's former compliance offiecer, directors settle for certain violations
Jan 17 (Reuters) - One 97 Communications Ltd PAYT.NS:
SETTLEMENT ORDER IN THE MATTER OF ONE97 COMMUNICATIONS
FORMER COMPLIANCE OFFIECER, DIRECTORS SETTLE WITH MARKETS REGULATOR FOR CERTAIN VIOLATIONS
Source text: [ID:]
Further company coverage: PAYT.NS
(([email protected];))
Jan 17 (Reuters) - One 97 Communications Ltd PAYT.NS:
SETTLEMENT ORDER IN THE MATTER OF ONE97 COMMUNICATIONS
FORMER COMPLIANCE OFFIECER, DIRECTORS SETTLE WITH MARKETS REGULATOR FOR CERTAIN VIOLATIONS
Source text: [ID:]
Further company coverage: PAYT.NS
(([email protected];))
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What does One97 Communications do?
One 97 Communications Limited, operating as Paytm, is a prominent digital ecosystem in India, providing a wide range of payment, commerce, cloud, and financial services to consumers and merchants, with a focus on technology-driven solutions.
Who are the competitors of One97 Communications?
One97 Communications major competitors are PB Fintech, One Mobikwik Systems, Infibeam Avenues, Algoquant Fintech, Niyogin Fintech, Digispice Technolog, Alankit. Market Cap of One97 Communications is ₹85,999 Crs. While the median market cap of its peers are ₹1,692 Crs.
Is One97 Communications financially stable compared to its competitors?
One97 Communications seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does One97 Communications pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. One97 Communications latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has One97 Communications allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is One97 Communications balance sheet?
Balance sheet of One97 Communications is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of One97 Communications improving?
Yes, profit is increasing. The profit of One97 Communications is -₹608.5 Crs for TTM, -₹658.7 Crs for Mar 2025 and -₹1,417 Crs for Mar 2024.
Is the debt of One97 Communications increasing or decreasing?
Yes, The net debt of One97 Communications is increasing. Latest net debt of One97 Communications is -₹11,106 Crs as of Sep-25. This is greater than Mar-25 when it was -₹23,109.6 Crs.
Is One97 Communications stock expensive?
There is insufficient historical data to gauge this. Latest PE of One97 Communications is 0
Has the share price of One97 Communications grown faster than its competition?
One97 Communications has given lower returns compared to its competitors. One97 Communications has grown at ~-4.32% over the last 4yrs while peers have grown at a median rate of -4.0%
Is the promoter bullish about One97 Communications?
There is Insufficient data to gauge this.
Are mutual funds buying/selling One97 Communications?
The mutual fund holding of One97 Communications is increasing. The current mutual fund holding in One97 Communications is 16.25% while previous quarter holding is 13.86%.