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New Delhi, Fintech firm One97 Communications has claimed to have recorded a 19 per cent year-on-year growth in flight bookings in the January-March quarter of this year, the company said in a regulatory filing on Monday.Paytm's travel ticketing business falls under its marketing services...

New Delhi [India], One 97 Communications Limited (OCL), owner of the Paytm brand, has forged partnerships with leading global travel meta-platforms including Skyscanner, Google Flights and Wego, making inroads in its travel segment.According to a press release, integration with these leading...

New Delhi [India], Food delivery company Zomato is in talks with Paytm to acquire the fintech company's movies and events businesses, the company said in its filing to the stock exchange.Zomato said in a filing to the stock exchange on June 16, “We acknowledge that we are in discussions with...

In a stock exchange filing, the company said the discussions to acquire Paytm's movies and ticketing business are "with an intention to further strengthen our going-out business and it is currently focused only on our four core businesses." This is in line with our stated position to do so.” ...

The move is in line with Zomato's plans to expand its 'going out' offerings.According to the report, the potential deal could value Paytm's vertical at around Rs 1,500 crore.Zomato or Paytm have not yet commented on the report.If finalized, the acquisition will be Zomato's second-biggest...

New Delhi: Fintech firm One97 Communications, owner of the Paytm brand, is laying off an undisclosed number of employees, according to a company statement, which claimed it is providing outplacement assistance for their smooth transition.Paytm's sales headcount declined by approximately 3,500...

These business lines are expected to play a key role in Paytm's strong revival and maintaining its position as the payments leader in the country.The company highlighted that UPI, which earlier contributed 70 per cent of the total gross merchandise value (GMV), now contributes around 80-85 per...

The campaign promotes UPI money transfer, scan and pay, pioneering Soundbox Paytm UPI Lite wallet, credit cards, recharges and bill payments on UPI as well as other payment instruments available on the Paytm app, which are Paytm's key focuses for recovery. Shows the area.These verticals will...

New Delhi [India] Paytm, India's leading payments and financial services delivery company, is heartened by the report from research firm Macquarie, after Q4 FY24 results, Macquarie saw Paytm's loan disbursements falling to Rs 9 in April 2024 after falling to Rs 20. Has reached billion rupees...

Among key focus areas, as outlined in the company's stock regulatory filing, Payette said that while leading AI capabilities and focusing on the core business, "we are also working on significant cost efficiencies, including a leaner organization structure." Have been." Are".“Our ongoing...

New Delhi: Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday reported a widening loss of Rs 550 crore, according to the company's regulatory filing.The company had suffered a loss of Rs 167.5 crore in the same period a year ago.Paytm's revenue from operations...

The company said the decline was primarily impacted by macroeconomic challenges, competitive intensity and regulatory changes.Despite the decline in revenue, Paytm said it has achieved significant progress in improving its profitability and operational efficiency.Revenue from operations...

New Delhi [India], Paytm on Thursday termed as "factually incorrect" media reports that some lenders may have used Paytm's loan guarantee. "We respectfully request media outlets to refrain from misreporting and make necessary changes to their articles. Our clarifications and ensuring factual...

These changes are part of our vision to strengthen Paytm's next line of leaders." statement.The company plans to expand its leadership team to build a larger and profitable payments and financial services delivery business. According to the company, “These strong leaders will work directly...

New Delhi: Shares of Paytm parent company One97 Communications fell per cent on Monday after its Chairman and Chief Operating Officer Bhavesh Gupta resigned from the company.Shares of the fintech company fell 4.99 per cent to Rs 351.70 on the BSE - its lower circuit limit.On NSE, it fell 5...

President and Chief Operating Officer Bhavesh Gupta, who was overseeing the payments and lending business, has decided to take a career break due to "personal reasons", the company said in a statement.He will remain in an advisory role until the end of the year, providing guidance for Paytm's...

New Delhi: Bhavesh Gupta, president and chief operating officer of Paytm's parent company One97 Communications, has resigned from the company, an official statement said on Saturday.As part of a change in leadership structure, fintech firm Paytm has appointed Rakesh Singh as the chief...