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Latest news about One 97 Communications

Paytm Parent Seeks RBI Relief in Rs 611-Crore FEMA Case 1 day ago Yesterday

One97 Communications Ltd, Paytm's parent company, has filed a compounding application with the Reserve Bank of India (RBI) to settle a case involving alleged violations of the Foreign Exchange Management Act (FEMA) worth Rs 611.00 crore. This move aims to resolve the matter directly with the RBI, potentially avoiding formal adjudication proceedings by the Enforcement Directorate. The company seeks to expedite the resolution process, potentially reduce penalties, and demonstrate regulatory compliance. The outcome could significantly impact One97 Communications and Paytm, potentially improving their regulatory standing and investor confidence.

Paytm Shares Slide 8% in Three Sessions Amid Stock Option Grants 8 days ago

Paytm Stocks in Focus as Government Clarifies No MDR Charges on UPI Transactions 8 days ago

Paytm Parent One97 Communications Sees 177% YoY Stock Surge Amid Mixed Q4 Results Jun 09, 2025

RBI Mandates LSPs to Disclose Digital Lending Guidelines Portfolio Jun 09, 2025

More news about One 97 Communications

06Jun 25

RBI Mandates Digital Lending Portfolio Disclosure for Paytm and Other LSPs

The Reserve Bank of India (RBI) has directed License Service Providers (LSPs), including One 97 Communications Ltd. (Paytm's parent company), to publicly disclose details of their Digital Lending Guidelines (DLG) portfolio. This move aims to enhance transparency in the digital lending sector, provide clarity to consumers and regulators, and improve scrutiny of lending operations. The directive applies to all LSPs in the digital lending space, potentially impacting the entire fintech ecosystem and strengthening consumer protection measures.

03Jun 25

Paytm Expands Global Footprint: New Subsidiary Planned in Singapore

ONE 97 Communications, Paytm's parent company, plans to set up a new subsidiary in Singapore through its wholly-owned subsidiary, Paytm Cloud Technologies. The new entity will focus on payments, financial services, and IT support services, marking Paytm's strategic expansion into Southeast Asia. This move aims to strengthen Paytm's global presence, potentially opening up new growth opportunities and access to a larger customer base in the region.

23May 25

Paytm Clarifies: No Decision Made on UPI Transaction Charges

One 97 Communications Ltd, Paytm's parent company, has addressed market speculation about potential charges for UPI transactions. The company stated that no decision has been made to implement fees for UPI transactions, regardless of the amount. This clarification comes in response to rumors circulating in the market. Paytm emphasized that UPI transactions remain free for users on its platform, maintaining the status quo in India's digital payments landscape.

13May 25

Paytm Sees Stake Shifts as Goldman Sachs Buys In, Alibaba Offloads Shares

One 97 Communications Ltd. (Paytm) reported a wider net loss of Rs 540 crore in Q4, with revenue declining 10.98% YoY to Rs 2,135.30 crore. Goldman Sachs acquired a 0.58% stake for Rs 307.40 crore, while Alibaba's Antfin reduced its stake by 4%. Annual revenue for FY2024 grew 25.29% to Rs 10,524.70 crore, with net loss improving by 19.93%. The company faces ongoing profitability challenges despite some improvements in EBITDA and operating profit margins.

13May 25

Paytm Shares Dip as Chinese Investor Antfin Plans 4% Stake Sale

Shares of One97 Communications Ltd. (Paytm) fell 4.1% following reports that Chinese investor Antfin plans to sell up to 4% stake. The block deal, valued at ₹2,066 crore with a floor price of ₹809.75 per share, comes after Paytm reported a 15.70% year-over-year revenue decline to ₹1,912 crore in Q4. The sale could alter Paytm's ownership structure and market perception.

12May 25

Antfin to Offload 4% Stake in Paytm for ₹2,066 Crore Amid Q4 Loss

Antfin, a Chinese fintech giant, plans to reduce its stake in One97 Communications Ltd. (Paytm) by selling up to 4% through block deals. The sale is expected to raise ₹2,066.00 crore at an offer price of ₹809.75 per share, a 6.5% discount to the current price. This comes as Paytm reports mixed Q4 results, with a net loss of ₹544.60 crore and declining revenue, despite an increase in other income. The stake sale could impact investor sentiment, Paytm's ownership structure, and market liquidity.

12May 25

Alibaba's Antfin to Offload 4% Stake in Paytm for Rs 2,200 Crore

Antfin, linked to Alibaba, plans to sell about 4% stake in One97 Communications Ltd (Paytm) through block deals. The transaction is valued at approximately Rs 2,200 crore with a floor price of Rs 809.75 per share. This move aligns with the trend of Chinese investors reducing stakes in Indian startups and could significantly impact Paytm's shareholding structure and market perception.

09May 25

Paytm Shares See Significant Block Trade on NSE

A significant block trade of 797,549 shares of One 97 Communications Ltd. (Paytm's parent company) occurred on the National Stock Exchange. The transaction was valued at ₹66.48 crores, with shares priced at ₹833.50 each. This large-scale trade could potentially indicate shifts in institutional ownership or investor sentiment towards the fintech giant.

09May 25

Paytm Founders Settle SEBI Case for ₹2.79 Crore Over Disclosure Violations

One 97 Communications (Paytm) and its founders have settled with SEBI for ₹2.79 crore over an ESOP disclosure violation. Founder Vijay Shekhar Sharma is barred from accepting new ESOPs from listed companies for three years, while his brother Ajay Sharma will disgorge ₹35 lakh. Both brothers have agreed to forgo their existing ESOPs. The case stemmed from undisclosed ESOP grants in May 2022.

08May 25

Paytm Founders Settle ESOP Case with SEBI, Agree to Penalties and Restrictions

One 97 Communications Ltd., Paytm's parent company, has settled an ESOP case with SEBI. The settlement includes cancellation of 222,862 ESOPs for Ajay Shekhar Sharma, ₹11.10 million penalties each for Vijay Shekhar Sharma and the company, and a three-year ban on Vijay Shekhar Sharma from accepting new ESOPs from listed companies. This resolution highlights regulatory scrutiny on executive compensation and corporate governance in India's financial sector.

08May 25

SEBI Settles ESOP Matter with Paytm, CEO Vijay Shekhar Sharma, and Brother

One97 Communications, Paytm's parent company, has settled an ESOP issue with SEBI. CEO Vijay Shekhar Sharma is banned from accepting new ESOPs for 3 years and will pay Rs 1.11 crore. His brother Ajay will pay Rs 57 lakh. ESOPs worth Rs 2.10 crore for Vijay and Rs 2.22 crore for Ajay have been cancelled.

07May 25

Paytm Reaffirms Margin Targets and Growth Outlook

Paytm has confirmed its margin targets for the next 2-3 years remain unchanged. The company believes it can achieve higher EBITDA margins due to its lower cost structure. Paytm has reiterated its growth targets for the coming year, aiming for the same growth and margin ranges as previously stated. This reaffirmation suggests management's confidence in the company's business model and ability to meet financial goals.

07May 25

One97 Communications Ltd.: Paytm's Q4 Shows Improved Profitability Despite One-Time Loss

One97 Communications, Paytm's parent company, released Q4 FY23 results showing improved profitability. Despite a ₹544.60 crore net loss due to a one-time ESOP charge, revenue increased 4.6% to ₹1,911.50 crore. EBITDA loss narrowed to ₹88.60 crore, and financial services revenue grew 9% QoQ to ₹545.00 crore. The company's merchant subscriber base for devices reached 1.24 crore. Paytm's share price jumped over 6% following the announcement.

06May 25

Paytm Sets Ambitious 15-20% EBITDA Margin Target for Next 2-3 Years

Paytm, India's leading digital payments company, has set an ambitious goal to achieve a 15-20% EBITDA margin within the next two to three years. This target reflects the company's shift towards profitability and operational efficiency. Achieving this goal would require Paytm to optimize operations, focus on high-margin services, and potentially implement cost-cutting measures. The move signals Paytm's commitment to long-term sustainability and competitiveness in India's fintech sector.

06May 25

Paytm Anticipates Limited Growth in Personal Credit Segment and Low UPI Incentives

One97 Communications Ltd., Paytm's parent company, has shared a cautious outlook for its personal credit segment and UPI incentives. A Paytm executive stated that significant growth in personal credit is not expected in the near future due to macroeconomic factors. The company also anticipates UPI incentives to remain low for the foreseeable future. These insights suggest Paytm may need to diversify revenue streams, optimize operations, and explore new growth avenues less dependent on economic conditions.

06May 25

Paytm Reports Q4 FY2024 Results: Revenue Dip, Improved EBITDA, and Future Plans

One 97 Communications, Paytm's parent company, released Q4 FY2024 results showing decreased revenue of ₹19.12 billion and a net loss of ₹5.40 billion. The company reported a one-time charge of ₹5.22 billion, including ₹4.92 billion for accelerated ESOP charges. For FY2026, they project depreciation and amortization between ₹5-6 billion and lower capital expenditure. Strategic focus includes expanding financial services and exploring international opportunities.

06May 25

Paytm Parent One97 Communications Reports Narrowed Q4 Loss, Revenue Decline; CEO Predicts Profitability in Q1FY26

One97 Communications Ltd, Paytm's parent company, reported Q4 FY25 results with a slightly reduced loss of ₹539.80 crore, down 1.78% YoY. However, revenue fell 15.70% to ₹1,911.50 crore. CEO Vijay Shekhar Sharma predicts PAT positivity in Q1FY26. The company's stock has declined 15% YTD and 61% from its IPO price. Paytm is focusing on global expansion and AI integration for future growth.

05May 25

Paytm Parent Company Projected to Turn Profitable in Q4FY25

One 97 Communications, Paytm's parent company, is expected to report its first-ever profit in Q4FY25. Analysts project a Profit After Tax between ₹3.60 crore and ₹4.50 crore, despite an anticipated year-on-year revenue decline of 3-13%. The company's EBITDA is likely to improve, indicating enhanced operational efficiency. This milestone could have significant implications for India's fintech sector, with investors closely monitoring the company's ability to sustain profitability amid revenue challenges.

02May 25

Paytm Parent Company to Announce Q4 and FY25 Results on May 6, 2025

One 97 Communications Ltd., Paytm's parent company, will release its Q4 and FY25 financial results on May 6, 2025. The board meeting and earnings call are scheduled for the same day, with the call set for 6:00 PM to 7:00 PM. The trading window for insiders will remain closed until May 8, 2025. This announcement is crucial for investors and analysts monitoring Paytm's performance in the fintech sector.

30Apr 25

Paytm Expands Global Footprint: Establishes New Subsidiary in UAE

Paytm's subsidiary, Paytm Cloud Technologies Limited (PCTL), has incorporated Paytm Arab Payments L.L.C. in the UAE on April 30, 2025. PCTL will invest AED 8.00 million (approx. INR 18.00 crore) for 80,000 equity shares at AED 100.00 per share, gaining 100% indirect ownership. The new entity will focus on expanding Paytm's merchant payments and financial services in the UAE market, marking a significant step in the company's global growth strategy.

29Apr 25

Paytm Subsidiary Faces ₹5,712 Crore GST Demand; Company to Challenge Notice

First Games Technology, a subsidiary of Paytm, has received a Show Cause Notice from the DGGI proposing a GST demand of ₹5,712 crores for the period from January 2018 to March 2023. The notice is based on a 28% GST levy on the total entry amount for online gaming, instead of the current 18% on platform fees. Paytm plans to file a writ petition challenging the notice, emphasizing it's an industry-wide issue currently pending before the Supreme Court. The company clarified that this doesn't directly impact One 97 Communications Limited's operations, with First Games' share of profit/loss being less than 1% of OCL's consolidated figures.

29Apr 25

Paytm's First Games Hit with ₹5,712 Crore GST Notice Amidst Industry-Wide Scrutiny

First Games Technology Private Limited, a subsidiary of Paytm, has received a ₹5,712 crore GST notice from Indian tax authorities. The notice covers the period from January 2018 to March 2023 and is part of an industry-wide issue where the GST department interprets the tax liability at 28% on the total entry amount instead of 18% on platform fees. First Games plans to challenge the notice legally, seeking interim relief similar to other gaming companies. Paytm's parent company, One 97 Communications Limited, clarified that this notice does not directly impact its operations, with limited exposure of about ₹225 crores to First Games.

23Apr 25

Paytm Parent One 97 Communications to Unveil Q4 Results on May 6

One 97 Communications, Paytm's parent company, will consider its Q4 FY2024-25 financial results on May 6, 2025. The board meeting will approve audited standalone and consolidated results. An earnings call is scheduled for the same day. The trading window for company securities will be closed until May 8, 2025. Investors can pre-register for the call through the company's IR website.

22Apr 25

Paytm Money Slashes Interest Rates on Margin Trading Facility, Revamps Brokerage Structure

Paytm Money has announced significant changes to its Margin Trading Facility (MTF), introducing a slab-based interest rate structure starting at 9.75% p.a., down from the previous 14.99% p.a. The company also revised its brokerage fee to 0.10% per trade. These changes, effective from April 18, 2025 for interest rates and May 18, 2025 for brokerage fees, aim to make trading more affordable and accessible for investors. The new structure offers customized rates based on funding book size, with the lowest rate applied to book sizes above ₹25.00 lakh.

17Apr 25

Paytm Founder Settles SEBI Case, Forfeits 21 Million ESOPs

Vijay Shekhar Sharma, founder of Paytm, along with his brother and One97 Communications, have settled a case with SEBI for ₹2.79 crore. Sharma has forfeited 21 million ESOPs and agreed not to accept new ESOPs for three years. This will result in a one-time, non-cash ESOP expense of ₹492 crores in Q4 FY 2025, with equivalent reductions in future years. The settlement addresses concerns related to misrepresentation of promoter status during Paytm's IPO.

16Apr 25

Paytm CEO Vijay Shekhar Sharma Forgoes 21 Million ESOPs, Accelerating ₹492 Crore Expense

Vijay Shekhar Sharma, CEO of Paytm's parent company One 97 Communications, has voluntarily given up 21 million ESOPs. This decision will result in a one-time ESOP expense of ₹492 crore in Q4 FY 2025, but is expected to reduce future ESOP expenses. The Nomination and Remuneration Committee has cancelled the unvested ESOPs and returned them to the company's ESOP pool. Paytm plans to disclose an illustrative ESOP cost schedule with their Q4 FY 2025 results.

16Apr 25

Paytm CEO Vijay Shekhar Sharma Forgoes 2.1 Crore ESOPs, Impacting Q4 FY 2025 Financials

Paytm CEO Vijay Shekhar Sharma has voluntarily given up 2.1 crore ESOP units. This decision will result in a one-time, non-cash ESOP expense of ₹492.00 crore in Q4 FY 2025, but will reduce ESOP expenses in future years. The forfeited ESOPs have been returned to the company's ESOP pool. Paytm will provide a detailed ESOP cost schedule with its Q4 FY 2025 results.

04Apr 25

Paytm Unveils MahaKumbh Soundbox: A Game-Changer for Merchant Payments

Paytm has introduced the MahaKumbh Soundbox, an advanced payment device for merchants. Key features include a digital screen for real-time transaction tracking, 4G connectivity, 10-day battery life, support for 11 languages, and durability. The device aims to streamline payment processing and enhance business operations. Paytm's CEO, Vijay Shekhar Sharma, emphasized the company's commitment to innovation, while government officials praised the launch as a testament to India's fintech leadership.

02Apr 25

Paytm Expands Digital Payment Services to Hyderabad's Property Tax Collection

One 97 Communications Ltd. (Paytm) has partnered with the Greater Hyderabad Municipal Corporation to modernize property tax collection. Paytm will deploy 400 card machines across Hyderabad, enabling digital payment of property taxes. This initiative aims to improve efficiency, enhance convenience for residents, and increase transparency in tax collection. The partnership marks Paytm's strategic expansion into government services and could serve as a model for other municipal corporations.

01Apr 25

Paytm Faces Regulatory Scrutiny Over Delayed Earnings Call Disclosure

One 97 Communications Ltd. (Paytm) received cautionary notices from NSE and BSE for delayed disclosure of its FY2024 earnings call schedule. The company has taken corrective measures. Separately, Paytm announced the sale of its 12.75% stake in Socomo Technologies for Rs 3.00 crore.

29Mar 25

Paytm Faces Regulatory Scrutiny and Divests Stake in Jugnoo

Paytm received cautionary notices from NSE and BSE for delayed disclosure of an earnings call schedule. The company has been advised to prevent such lapses in the future. Separately, Paytm sold its 12.75% stake in Jugnoo's parent company for ₹3.00 crore, aligning with its strategy to focus on core financial services.

25Mar 25

Paytm Shifts to Direct Transaction Processing, Phasing Out Third-Party Platforms

One 97 Communications Ltd., Paytm's parent company, announces a major shift in its payment processing infrastructure. From April 1, 2025, all transactions will be routed exclusively through its subsidiary, Paytm Payments Services Limited (PPSL). Paytm has terminated its partnership with Juspay and will no longer use third-party payment orchestration platforms. This move aligns with industry trends as other fintech giants like Razorpay, Cashfree, and PhonePe have made similar transitions. Businesses currently using Paytm's services through third-party platforms must adapt to the new system before the deadline to ensure uninterrupted service.

18Mar 25

Paytm Money Secures SEBI Approval as Registered Research Analyst

Paytm Money Limited, a subsidiary of One 97 Communications Limited, has received approval from SEBI to register as a research analyst. This allows Paytm Money to offer SEBI-compliant research services, including investment insights, research reports, and data-driven analysis. The move aligns with Paytm's strategy to expand its fintech offerings and enhance user experience. The company aims to provide expert-backed insights to investors, potentially strengthening its position in the competitive fintech landscape.

04Mar 25

Paytm Faces ED Notice for FEMA Violations, Introduces UPI Trading Blocks

One97 Communications Ltd. (Paytm) received an ED notice for alleged FEMA violations worth Rs 611 crore, causing a 3% drop in share price. Simultaneously, Paytm introduced UPI Trading Blocks, a new feature allowing direct fund blocking in bank accounts for stock trading. The feature is currently available for Axis Bank and Yes Bank UPI handles, with plans to expand to SBI and HDFC Bank. Paytm continues to innovate with various UPI-based services despite regulatory challenges.

04Mar 25

Paytm Revolutionizes Stock Trading with New UPI Feature

Paytm has introduced a new UPI feature called 'UPI Trading Blocks' or 'Single Block Multiple Debits' that allows automatic payment deductions from users' bank accounts for equity trading. This feature eliminates the need for fund transfers to brokerage apps, allows funds to earn interest until trades are executed, and enables faster transactions without requiring a UPI PIN for each trade. Currently available for Axis Bank and Yes Bank UPI handles, with plans to expand to SBI and HDFC Bank.

03Mar 25

Paytm Expands Merchant Services Through Strategic Partnership with RBL Bank

Paytm has announced a partnership with RBL Bank to provide Soundbox and card machine services to RBL Bank's merchant partners. The collaboration aims to expand digital payment adoption and offer enhanced features such as real-time transaction monitoring, multi-payment support, and innovative technology including NFC-enabled Soundboxes. The partnership will provide merchants with access to Paytm's advanced payment solutions, supporting various payment modes and offering multilingual audio alerts.

03Mar 25

Paytm Parent Company Faces ED Scrutiny Over Alleged FEMA Violations

One 97 Communications, Paytm's parent company, has received a show cause notice from the Enforcement Directorate (ED) for alleged Foreign Exchange Management Act (FEMA) violations worth Rs 611 crore. The notice also extends to two subsidiaries. The company is seeking legal counsel to address the matter. This regulatory scrutiny could potentially impact investor confidence and lead to increased oversight of the fintech sector in India.

02Mar 25

Paytm Parent One97 Communications Faces ED Notice for Alleged FEMA Violations

One97 Communications, Paytm's parent company, received a show cause notice from the Enforcement Directorate for alleged FEMA violations totaling ₹611.18 crore. The notice, dated February 27, 2025, relates to the acquisition of subsidiaries Little Internet Private Limited and Nearbuy India Private Limited between 2015-2019. One97 Communications is seeking legal advice and assures that Paytm's services remain unaffected.

27Feb 25

Paytm Joins Forces with Perplexity to Revolutionize AI Services for Millions of Indian Users

Paytm has announced a strategic partnership with AI company Perplexity to integrate AI-powered search capabilities into the Paytm app. This collaboration aims to provide instant, reliable answers to users' questions, support local language exploration, and assist in financial decision-making. The partnership is expected to enhance digital literacy and financial accessibility across India, aligning with Paytm's vision of leveraging technology for inclusion and innovation in the country's digital ecosystem.

27Feb 25

Paytm Joins Forces with DPIIT to Boost Fintech Startup Ecosystem

One 97 Communications Ltd., Paytm's parent company, has formed a strategic partnership with the Department for Promotion of Industry and Internal Trade (DPIIT) to support fintech startups in India. The collaboration will provide mentorship programs and funding opportunities, aiming to foster innovation and growth in the fintech sector. This initiative is expected to accelerate the development of new fintech solutions, encourage entrepreneurship, and contribute to India's digital economy growth.

26Feb 25

Paytm Partners with Indian Government to Boost Startup Ecosystem

The Indian government has signed an MoU with Paytm to support startups, focusing on manufacturing and fintech sectors. The partnership will provide mentorship, infrastructure support, market access, and funding opportunities. This collaboration aims to accelerate startup growth, foster innovation, and leverage Paytm's expertise in digital payments and financial services. The initiative is expected to significantly impact India's startup ecosystem, particularly in manufacturing and fintech innovation.

20Feb 25

Paytm Revolutionizes Merchant Payments with India's First Solar-Powered Soundbox

Paytm has introduced India's first solar-powered soundbox for merchants, combining fintech with sustainable energy. The device operates on solar power for a full day, ensuring uninterrupted payment notifications even in areas with inconsistent electricity. This eco-friendly solution aims to enhance operational efficiency and customer trust while reducing carbon footprint in the digital payment ecosystem. The innovation could potentially expand Paytm's merchant base, especially in semi-urban and rural areas, and create a new revenue stream through device sales and leasing.