‘Profitable Quarters Very Soon’: Paytm Sees No Impact Of Lowering Of UPI Incentives On Its Path To Profitability

‘Profitable Quarters Very Soon’: Paytm Sees No Impact Of Lowering Of UPI Incentives On Its Path To Profitability

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. (Representative image) The government has lowered incentive allocation for Rupay and UPI transactions by about 42 per cent in the budget. Fintech firm One97 Communications, which owns the … Read more

RBI says no systemic worries, action on Paytm due to “persisted non-compliance”

RBI says no systemic worries, action on Paytm due to “persisted non-compliance”

A QR code for the Paytm digital payment system at a road side stall in Mumbai. | Photo Credit: EMMANUAL YOGINI Reserve Bank Governor Shaktikanta Das on Thursday said there are no systemic worries and the action on Paytm was driven by a “lack of compliance” at Paytm. Deputy Governor Swaminathan J. said the actions … Read more