Paytm loss widens and revenue shrinks as it grapples with regulatory clampdown
Indian fintech Paytm’s struggles won’t seem to end. The company on Friday reported that its revenue declined by 36% and…
Indian parliamentary panel red-flags PhonePe and Google Pay cornering 83% of India’s UPI payments amid Paytm clampdown
An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives…
Indian central bank defends ‘proportionate’ action on Paytm
India’s central bank said Thursday it takes supervisory actions and imposes business restrictions only after “persistent non-compliance” with rules, its…
Indian central bank’s clampdown wipes $2.1 billion off Paytm
Shares of Paytm fell another 20% Friday before hitting the lower circuit that temporarily halts trading as the Indian financial…
India’s Paytm shares sink 20% after RBI curbs payments bank business
BENGALURU/MUMBAI :Indian digital payments firm Paytm lost a fifth of its market value on Thursday after the central bank ordered…
India’s central bank discusses more penalties on Paytm Payments Bank, including revoking license
The Reserve Bank of India is discussing more penalties on Paytm Payments Bank and may reach a decision within days,…
Paytm to terminate business with Paytm Payments Bank after central bank’s clampdown
Paytm said Thursday that it will cease working with its associate Paytm Payments Bank and accelerate plans to partner with…
Paytm Founder to Take Control From Ant Without Paying Any Cash
(Bloomberg) -- Paytm founder Vijay Shekhar Sharma will acquire a 10.3% stake from China’s Ant Group Co., in an unusual…
Ant Financial to transfer 10.3% Paytm stake to Vijay Shekhar Sharma
Vijay Shekhar Sharma, founder and chief executive of Paytm, has entered into a deal with Ant Financial to secure a…
