Paytm CEO Vijay Shekhar Sharma News

Companies

Paytm job cuts: Employees allege forced resignations, no severance pay, informal processes & more, says report

According to a report, several former and current Paytm employees shared concerns about forced voluntary resignations, refusal to give severance pay, and demands for the return of retention and joining bonuses.

3 min read14 Jun 2024
Companies

Paytm CEO Vijay Shekhar Sharma says ‘the worst is behind us’ after Q4 results

February and March were ‘uncomfortably bad’ and filled with lessons for ‘long term sustainability and growth of the company’, Sharma said, after Paytm’s reported lower revenue and bigger losses in the fourth quarter.

3 min read22 May 2024
Companies

Paytm warns of job cuts as sales slide, revenue down 2.7% amid RBI action on payments bank arm, says report

Paytm Q4 Results: Fintech startup Paytm saw its first-ever decline in sales this quarter amid the RBI probe. Bloomberg has reported the unicorn could cut jobs and trim non-core assets amid the sales and revenue decline.

2 min read22 May 2024
Technology

Paytm tests ‘Auto-Rickshaw’ rides to expand ONDC presence, challenging Ola and Uber: Report

Paytm reportedly plans to enter the ride-hailing sector via the Open Network for Digital Commerce (ONDC), offering auto-rickshaw rides in cities like Delhi, Bengaluru, and Chennai. This move could expand to include cab bookings in the future.

1 min read9 May 2024
Companies

Paytm UPI transaction volume down 9% in April, records third consecutive month of slump, says report

Paytm saw a 9% decrease in UPI transactions in April 2024, with 1.1 billion transactions. PhonePe and Google Pay remained the top two players, with a combined share of 86.6%. Paytm’s market share dropped to 8.4% after this fall, but it remains the third largest UPI player.

1 min read8 May 2024
Companies

Paytm to offer ₹100 cashback to UPI users post NPCI approval for migration to PSP banks

The online payment company introduced this cashback offer following its approval from the National Payment Corporation of India (NPCI) to initiate the immediate migration of users to new Payment System Provider (PSP) bank handles in March.

1 min read3 May 2024
Companies

Paytm clarifies status of licensing process, says no deferral notice on investment in payments arm

Paytm refuted ‘speculative’ reports suggesting that the Indian government deferred the approval of Paytm’s $6 million investment in PPSL over concerns about Chinese shareholding in One 97 Communications, the parent company.

1 min read17 Apr 2024
Companies

Paytm’s Vijay Shekhar Sharma uses ChatGPT to check negative health claims about cooking oil, here’s what he found...

Engaging with a social media post on the harm of reusing cooking oil, Vijay Shekhar Sharma said he asked ChatGPT ‘to give more details’ and shared the response from the AI tool.

1 min read8 Apr 2024
Markets

Paytm upper circuit: shares trade 5% higher, Paytm share price rises 14% in last three days

This surge propelled by an upgrade by Yes Securities, which raised its rating on the payment company’s stock from neutral to buy. Additionally, the target price was increased from ₹350 to ₹505.

1 min read19 Mar 2024
Companies

Paytm Payments Bank to close from March 15. Here’s all that customers need to know

The RBI has directed Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, FASTags, and other instruments after March 15. Here’s what you need to know:

3 min read14 Mar 2024
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