The company said it was ‘working towards resolving the matter in accordance with applicable laws and regulatory processes. We remain committed to strengthening processes in adherence and upholding the highest standards of compliance and governance’ NEW DELHI: The Enforcement Directorate on Monday said it has found foreign investors making investments in Paytm’s parent company, One97…
Paytm clarified that the alleged violations occurred when these companies were not its subsidiaries. Paytm alleged FEMA violations: Following reports of ED (Enforcement Directorate) sending a notice to Paytm, shares of One97 Communications plunged around 4% before recovering.A regulatory filing on Saturday revealed that Paytm received notice from the Enforcement Directorate (ED) regarding alleged FEMA…
NEW DELHI: The Enforcement Directorate (ED) has issued a show-cause notice to One97 Communications, the parent company of Paytm, over alleged violations of the Foreign Exchange Management Act (Fema) in transactions amounting to Rs 611 crore.The notice, dated Feb 27, cited alleged contraventions between 2015 and 2019 related to Paytm’s acquisition of two subsidiaries, Little…
NEW DELHI: One97 Communications, the parent company of Paytm, reported a consolidated loss of Rs 208.5 crore for the third quarter ending December 31, 2024. This marks a slight improvement compared to the Rs 221.7 crore loss in the same period last year. The reduction in losses was primarily due to lower expenses, including payment…
NEW DELHI: Fintech firm and owner of Paytm brand One97 Communications‘ Singapore-based arm has approved the sale of its Stock Acquisition Rights in Japan’s PayPay to Softbank Vision Fund 2 for Rs 2,364 crore, the company said in a regulatory filing on Saturday. Paytm and Paytm Singapore had signed an agreement with the Japanese digital…
NEW DELHI: One97 Communications (OCL), which operates under the Paytm brand, announced on Tuesday that their users can now make UPI payments at specific international destinations, including select locations in the UAE, Singapore, France, Mauritius, Bhutan, and Nepal. This service enables customers to handle various transactions, including retail purchases, restaurant bills, and local activities abroad…
