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In a stock filing immediately after the RBI's order, Paytm warned the order to close Paytm Payments Bank could drag down annual earnings before interest, tax, depreciation and amortization by up ...
However, that is still below Paytm's current price of about 727 rupees. And despite the near 6% jump on the day, the stock is still down about 4.5% since the RBI clampdown on Jan. 31.
"Paytm's fundamentals are improving and it seems like the regulatory hurdles are largely behind us," said Rahul Jain, vice president - research, at Dolat Capital. Revenue from operations rose 10.1 ...
Due to a substantial increase in investments in 2021, 3 new unicorns were added to the Digital payment sector by first quarter of 2022, taking the total to 8 unicorns valuating to a total of US$243 billion and these unicorns include: BharatPe, BillDesk Cashfree, CRED, Paytm, PhonePe, Pine Labs, RazorPay, Zeta. [10]
In September 2021, Paytm Payments Bank was awarded the ASSOCHAM's FinTech & Digital Payments Award 2021 in the category of Excellence in Payments by the Associated Chambers of Commerce and Industry of India. [40] It was awarded the ETBFSI Excellence Award under the category 'Best Digital Bank of the Year' by The Economic Times in 2020. [41]
With UPI representing 62% of digital payment transactions in FY 2022–2023, it has been the primary driver of the overall development of digital payment transactions in India. [ 105 ] In January 2024, the value of UPI transactions reached ₹18.41 trillion, a slight increase of 1% from ₹ 18.23 trillion in December 2023.
Paytm, one of India's first startups to go public, said its consolidated revenue rose 38% to 28.51 billion rupees, with the payments business contributing 61% to the total.
Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India 's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17.