Business

Paytm's Founder, Vijay Shekhar Sharma, to Acquire 10.3% Stake from Antfin in Non-Cash Deal

Fintech company One97 Communications’ Founder and CEO, Vijay Shekhar Sharma, is set to acquire a 10.30 per cent stake in Paytm from Antfin (Netherlands) Holding BV in a non-cash deal. Despite the transfer of ownership, Antfin will retain the economic rights associated with the stake. The arrangement entails Sharma purchasing the 10.3 per cent shareholding in Paytm from Antfin through his…
Read more
Business

Paytm's Merchant Payment Volumes Soar to INR 4.05 Lakh Crore, Highlighting Robust Growth in Q2 2023

Paytm achieves impressive YoY growth of 37% while loan disbursal surges over 2.5 times Paytm, India’s leading digital payments and financial services platform, has reported remarkable performance in the second quarter of 2023. In a recent regulatory filing, the company announced that its Merchant Payment Volumes (GMV) for the quarter ended June 2023 reached an impressive figure of INR 4.05…
Read more