One 97 Communications Limited launched Paytm Split Bills on July 29, 2026, a new feature designed to help friends, college students, and young professionals manage shared expenses for trips, meals, and group plans. The launch aims to strengthen Paytm’s position as a comprehensive financial life app by integrating expense tracking with seamless UPI settlements.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and submitted to BSE Limited and the National Stock Exchange of India Limited. Sunil Kumar Bansal, Company Secretary and Compliance Officer of One 97 Communications Limited, signed the filing on July 29, 2026.

Key Features of Paytm Split Bills

The feature allows users to create groups and record unlimited shared expenses at no cost. There are no entry limits, paid upgrades, or additional charges associated with the service. Users can split expenses equally, by exact amount, shares, or percentage.

Users can view a group summary showing total spent, individual shares, pending balances, and recent activity. Dues can be settled directly through Paytm UPI, with amount and recipient details already filled in. Payments made outside the app can be marked as received within the group.

Strategic Context

A Paytm spokesperson stated that shared moments should be remembered rather than spent calculating debts. The launch expands Paytm’s financial life app proposition by bringing payments and money management together. The app also offers Spend Summary, Hide Payments, Download UPI Statement, and smartphone home screen widgets. Users receive Gold Coins on every payment, redeemable into real gold.

What the Numbers Show

While no financial metrics were disclosed in the press release, the strategic move highlights One 97 Communications Limited’s focus on increasing user engagement through utility-driven features. By removing cost barriers and entry limits, the company aims to capture high-frequency transaction data from social spending groups, potentially driving deeper integration with its existing merchant payments and financial services distribution ecosystem.

One 97 Communications reported a consolidated net profit of ₹220 crore for the quarter ended June 30, 2026, an increase of 79% from ₹123 crore in the same period last year. Revenue from operations rose 28% year-on-year to ₹2,448 crore, driven by growth in payments and financial services. The company achieved its highest ever quarterly EBITDA of ₹203 crore, up 182% YoY, supported by AI-led operating leverage and margin expansion. EBITDA margin stood at 8.29% compared to 3.73% in the same period last year.

Board Decisions and Corporate Developments

The Board of Directors, in its meeting held on July 20, 2026, approved the unaudited standalone and consolidated financial results for the quarter. The board appointed Mr. Amitabh Kumar Singhal as an Additional Director in the category of Non-Executive Non-Independent Director with effect from July 20, 2026, subject to shareholder approval. The board also approved an additional investment of up to ₹100 crore in Paytm Money Limited by way of a Rights Issue to support the subsidiary's growth and regulatory capital requirements.

Additionally, the Board approved a proposal to seek shareholders' approval to revise the utilisation of the remaining IPO proceeds. As of July 20, 2026, ₹1,686 crore of the ₹2,000 crore originally earmarked under Object 2 of the Offer for investing in new business initiatives remains unutilised. The company proposes to use this balance interchangeably under Object 2 and Object 1 of the Offer and extend the utilisation timeline for these funds to March 31, 2029. The Board decided not to proceed with a bonus issue at this time to focus on compounding growth and profitability.

Operational Highlights

Operational performance highlighted strong growth across merchant and consumer businesses. Merchant Gross Merchandise Value (GMV) grew 31% YoY to ₹7.1 Lakh Cr, while Monthly Transacting Users (MTU) increased by 60 lakh YoY to 8.0 Cr. The company deployed 27 lakh net devices YoY, reaching 1.57 Cr merchants on subscription plans. Revenue from Distribution of Financial Services surged 45% YoY to ₹814 crore, with key financial services customers growing 34% YoY to 7.6 Lakh.

Regulatory Matter

The company's statutory auditors, S.R. Batliboi & Associates LLP, provided a Limited Review Report. The report drew attention to a Show Cause Notice received by the company and its subsidiaries from the Directorate of Enforcement regarding alleged contraventions of the Foreign Exchange Management Act, 1999. The auditors stated that their opinion was not modified in respect of this matter. The report also noted that the Reserve Bank of India had compounded matters having an aggregate value of approximately ₹54 crore and observed that matters valued at approximately ₹485 crore are in compliance with applicable laws.

Consolidated Financial Results

The following table summarizes the key financial metrics for the quarter: