Paytm

Paytm sells its stake in Japanese payments firm PayPay to SoftBank for $279.2M, ending Paytm's ties with SoftBank, which sold its remaining Paytm shares in June

Manish Singh / TechCrunch :

Paytm sells its stake in Japanese payments firm PayPay to SoftBank for $279.2M, ending Paytm's ties with SoftBank, which sold its remaining Paytm shares in June

Paytm has agreed to sell its stake in Japanese payments firm PayPay to SoftBank for $279.2 million, as the Indian firm sheds …

Zomato acquires Paytm's entertainment ticketing business for $244.1M; the division contributed about 9% to Paytm's overall revenue in Q1 2024

Manish Singh / TechCrunch :

Paytm parent One 97 Communications reports a $66.1M net loss in Q4, up from $20.11M in Q4 2023, on $272.3M revenue, as it grapples with a regulatory clampdown

Manish Singh / TechCrunch :

India grants a consumer payments license to Paytm, which has until now operated under a license connected to its beleaguered affiliate, Paytm Payments Bank

- India grants troubled firm a consumer payments license  — New operating model needed as regulator's restrictions kick in

NPCI data: UPI transactions processed by Paytm fell 14% to $19.9B from January 2024 after RBI curbs, while PhonePe rose nearly 7% and Google Pay rose almost 6%

- Paytm loses usage even before any disruption to its systems  — Services of Walmart, Google capitalize on Paytm's troubles

Paytm Payments Bank reconstitutes its board, as part of which founder Vijay Shekhar Sharma, who owns a 51% stake in the Paytm unit, steps down

TechCrunch :

The RBI's clampdown on Paytm has created confusion for millions of customers and raises questions about the Indian central bank's opacity and regulatory actions

The RBI's clampdown on Paytm has created confusion for millions of customers and raises questions about the Indian central bank's opacity and regulatory actions

Multiple Penalties, Yet Stakeholders Stunned By Paytm Bank Wreck.  Why?  —  The financial meltdown of a digital payments pioneer …

Filings: SoftBank's stake in Paytm was ~5% in January vs. ~18.5% around Paytm's 2021 IPO; SoftBank says it sold most of its stake due to regulatory scrutiny

Min Jeong Lee / Bloomberg :