Paytm Q3 loss widens to 778 crore : Rashtra News #Paytm #loss #widens #crore The payment services of Paytm to consumers grew by 60 per cent to Rs 406 crore from Rs 254 crore and payments services to merchants more than doubled to Rs 586 crore from Rs 269 crore in the quarter under review.
Billionaire founder-CEO Vijay Shekhar Sharma is overhauling its suite of money management products to better tap growing wealth among younger users, whore warmer to the idea of investing online.
Vijay Shekhar Sharma will acquire 10.3 percent stake in Paytm from Antfin through an off-market transfer. On closing of this transaction, Sharma’s shareholding in Paytm will increase to 19.42 percent
If I were the top management of the firm, I would talk less about users and gross merchandise value, and focus more on improving the abysmally low take rate at the firm, wrote NYU professor Aswath Damodaran