New Delhi, July 24 (IANS) Brokerage firm JM Financial has said AI-led automation is emerging as a structural driver of Paytm’s cost efficiency, helping the company hold costs broadly flat even as growth has accelerated.It has also called Paytm’s Q1 FY27 results as a ‘another quarter of strong execution’ with profits ahead of estimatesThe improvement came despite continued investment in merchant and consumer acquisition.JM Financial cited AI-led automation across collections, customer servi…
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New Delhi, July 22 (IANS) Global brokerage Bernstein said that fintech pioneer Paytm’s financial services distribution business was the standout of its June-quarter performance, with revenue up 45 per cent (year-on-year) to Rs 814 crore, as cross-sell of credit and other financial products continued to improve.The brokerage maintained its ‘Outperform’ rating, with a price target of Rs 1,500.Bernstein said Paytm’s Q1 FY27 results supported its investment thesis of “non-linear profit growth” d…
Mumbai, July 20 (IANS) Paytm (One 97 Communications Limited), India’s full stack merchant payments leader serving MSMEs and enterprises, and a leading financial services distribution company, and the pioneer of mobile payments, QR codes, and Soundbox, on Monday announced its financial results for the quarter ending June 2026 (Q1 FY 2027), reporting its highest ever quarterly EBITDA, driven by growth acceleration across merchant and consumer businesses, EBITDA margin expansion, and AI-led accel…
Gandhinagar, June 1 (IANS) A loan received under the PM SVANidhi scheme helped a young street food vendor in Gujarat’s Gandhinagar revive his business, adopt digital payments, and improve his family’s financial condition, as the central government marked six years of the programme aimed at supporting street vendors. Yograj Mali, a 30-year-old B.Com student who runs a small Cholaphali business in Gandhinagar, is among the beneficiaries of the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM S…
New Delhi, May 27 (IANS) The Cyber Police Station of Central District Police on Wednesday busted an interstate cyber fraud network involved in supplying bank account kits, SIM cards, and ATM cards that were used in online fraud cases. Three key operatives linked to the racket have been arrested from Haryana, Punjab, and Himachal Pradesh. According to police, the accused targeted innocent citizens by impersonating Paytm employees and gaining access to victims’ mobile phones on the pretext of up…
New Delhi, May 19 (IANS) Global brokerage firm Citigroup has turned increasingly positive on Paytm, highlighting strong momentum across payments, merchant business, lending and profitability, citing ‘plenty of growth and margin drivers’ for the fintech major.In its latest report after hosting Paytm’s management at the Citi Pan Asia Conference 2026, the brokerage maintained a Buy rating on the company with a target price of Rs 1,380, implying meaningful upside from current levels.The broker…
New Delhi, May 17 (IANS) In a major push to encourage the use of public transport and reduce dependence on private vehicles, the Delhi Metro Rail Corporation (DMRC) on Sunday announced a series of measures, including additional train trips, enhanced security arrangements, and expanded commuter facilities across the Delhi-NCR network.According to the DMRC, 24 additional train trips will be introduced every Monday beginning May 18 through the deployment of six extra trains. The corporation said ad…
New Delhi, April 25 (IANS) The Confederation of All India Traders (CAIT) on Saturday hailed the decisive action taken by the Reserve Bank of India (RBI) in cancelling the licence of Paytm Payments Bank Limited (PPBL), seeking probe into the matter.This firm regulatory intervention is in the larger public interest and will help safeguard the hard-earned savings of millions of Indians who trusted the institution with their money, said the industry body in a statement.CAIT Secretary and BJP MP Prav…
New Delhi, April 17 (IANS) Paytm (One 97 Communications Limited), India’s full stack merchant payments leader serving MSMEs and enterprises, and a leading financial services distribution company, and the pioneer of mobile payments, QR codes, and Soundbox, on Friday announced that its Paytm Gold offering has extended doorstep delivery of physical gold across more than 12,000 pin codes, enabling easy conversion of digital gold balance into 24-karat gold coins, making it easier to buy and receive…
New Delhi, April 1 (IANS) India’s digital payments ecosystem saw a strong comeback in March 2026, with the Unified Payments Interface (UPI) registering its highest-ever monthly transaction volume since its launch in 2016, according to data released by the National Payments Corporation of India on Wednesday.UPI processed 22.64 billion transactions in March, marking a sharp rise from 20.39 billion transactions recorded in February. The March figure also surpassed the previous high of 21.70 billi…