India Observers

Paytm, a popular mobile payments and financial services company in India, has announced that it will expand its credit distribution business. This means that Paytm will offer higher-value personal and merchant loans to customers who have a lower risk of defaulting on their payments and have a good credit history. But analysts have downgraded or cut their price targets for One 97 Communications Ltd., the parent company of Paytm, after the company announced plans to scale back small ticket loans and recalibrate its Buy Now, Pay Later (BNPL) business.  However, Paytm has already seen positive results from its loan distribution business, with many customers accepting and repaying their loans on time. The company believes that by expanding this business, it will be able to grow even further. Paytm will continue to work with large banks and non-banking financial companies (NBFCs) to offer these loans. It will also focus on maintaining a high-quality portfolio of loans and ensuring that ...

  Paytm, a leading   digital payments platform in India , has introduced the Paytm Card Soundbox, a versatile device designed to enable merchants to accept mobile and card payments seamlessly. This device supports various card types, including RuPay, Visa, Mastercard, and American Express, making it a convenient “tap and pay” solution for credit and debit card transactions. The Paytm Card Soundbox combines the functionality of a point-of-sale (POS) unit, a UPI QR code card, and an audio confirmation soundbox, providing merchants with an all-in-one payment solution. It also offers both audio and visual payment confirmations through an LCD display and is NFC-enabled for contactless payments. The Paytm Card Soundbox boasts several key features, such as built-in “tap and pay” capability for card payments up to ₹5,000, fast payment alerts via 4G network connectivity, a 4W speaker for clear payment alerts, a long battery life lasting up to five days, and customizable alerts in 11 la...

 Sunil Mittal is seeking a stake in Paytm. Reports say, he is planning to merge Airtel Payments Bank into Paytm Payments Bank. The talks are at an early stage. Sunil Mittal, a billionaire telecom tycoon, seeks to acquire a portion of Paytm. Sunil Mittal reportedly wanted to merge Airtel Payments Bank with Paytm Payments Bank through a stock deal.  The telecom mogul and founder of Bharti Airtel is reportedly interested in buying Paytm shares that are currently held by other owners, according to sources cited by Bloomberg. According to a Paytm official cited by Bloomberg, “We remain completely committed to our strong organic growth plan and are not engaged in any such discussions.” According to sources, Bharati Airtel and Paytm are just beginning to chat. One 97 Communications Ltd. (Paytm) shares have increased in value by about 40% since their record lows in November of last year. The stock reached a closing on Friday of Rs 623.50 per share. EBITDA before ESOP increased by Rs ...