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The move comes after the Reserve Bank of Indias dictat, barring Paytm Payments Bank from onboarding new customers and offering incremental banking services from March, due to concerns regarding breach of and compliance with regulatory norms. ....
Berkshire Hathaway sells remaining 2.46% in Paytm for Rs 1,371 crore business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Paytm said 75 lakh merchants are now paying subscription for its payment devices, up 4 lakh in May, adding that its average monthly transacting users (MTU) rose 24 per cent YoY at 9.2 crore for quarter-to-date.
For Paytm, foreign brokerage Morgan Stanley said GMV growth remained healthy, though it moderated on a YoY basis vis-à-vis last month. Average MTU, it said, was steady and growth sustained at 32 per cent YoY ....