Paytm scaled down one of its most popular credit products Paytm Postpaid in December. The impact of this on Paytms business became evident on January 19, when the company reported its December quarter financials.
“There can be a temporary 3-6-month kind of an impact, which slows down the growth by 3-4% on an annualized basis but still it would compound at more than 30% on an overall revenue growth, which does not disturb our overall thesis wherein we remain positive on the Paytm stock.”
In regards to Gross Merchandise Value (GMV), Paytm said, ‘our focus over the past few quarters continues to be on payment volumes that generate profitability for us, either through net payments margin or from direct upsell potential.’
Paytm To Deploy Smart PoS Devices At Samsung Authorised Stores Across India, To Offer Buy Now Pay Later Service swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on Latest News at LatestLY. Paytm on Friday said it has elevated Bhavesh Gupta, CEO of Paytm Lending, to take on the leadership for the offline payments vertical in addition to his existing responsibilities. Latest News | Paytm Lending CEO Bhavesh Gupta Gets Additional Role to Lead Offline Payments Vertical.