Paytm financial services

Paytm Q3 results: Company reports loss of Rs 208 crore, 36% decline in revenue – The Times of India

polite2 months ago03 mins

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…

Paytm to sell 5.4% stake in Japan’s PayPay in 0 million deal – Times of India

Paytm to sell 5.4% stake in Japan’s PayPay in $250 million deal – Times of India

polite3 months ago02 mins

MUMBAI: Paytm is selling its stake in Japan’s PayPay Corporation as part of its strategy to divest its non-core assets.In an exchange filing on Friday, Paytm said that the board of its Singapore subsidiary has approved the sale of stock acquisition rights in PayPay. “This transaction will increase the consolidated cash balance of the company,”…