The growing popularity of payment solutions provided by India mobile payments pioneer Paytm has led to a 27 per cent year-over-year increase in its average mo
Paytm said in a recent blog that its app is exhibiting a surge in user engagement as the company expands and fortifies its ecosystem through the acquisition of both consumers and merchants while granting them better access to the latest technology and financial services.
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One97 Communications Limited, which Paytm, Indias leading digital payments and financial services company, has shared its Q3 FY2022 results.During the October-December quarter, the company saw its revenues jump by 89 per cent y-o-y to Rs 1,456 .
The contribution profit (defined as Revenue from operations less payment processing charges, promotional cashback and incentives, and other direct costs) improved to 31.2 per cent of revenue in Q3 FY 2022 from 8.9 per cent in Q3FY21.