Paytm’s founder, Vijay Shekhar Sharma, his brother Ajay, and One 97 Communications settled a disclosure violation case with Sebi, paying ₹2.79 crore. Vijay and Ajay will forgo ESOPs, with Vijay refraining from accepting new ESOPs from listed companies for three years. Ajay will also disgorge ₹35 lakh to Sebi as part of the settlement.
Cashfree Payments, on Thursday, announced that it now supports over 140 currencies to streamline cross-border transactions, allowing international customers to pay locally while Indian merchants receive INR settlements, enhancing global payment efficiency.
Shailesh Paul will be replacing Suresh Rajagopalan as CEO of Wibmo. Paul brings with him 18 long years of experience as an executive of Visa and has experience in various roles at Standard Chartered and Mastercard . At Wimbo, he will be incharge of the company’s strategic direction and execution.
The fund raise includes $50 million from Silicon Valley-based General Catalyst, which last year led a $340 million round in Mumbai-based quick commerce startup Zepto and is a backer in Indian startups Cred and Spinny.
The company incurred a notional loss of Rs 522 crore during the reported quarter stemming out of the acceleration of ESOP (employee stock ownership plan) expense of Rs 492 crore and Rs 30 crore towards their impairments following Paytm CEO Vijay Shekhar Sharma voluntarily surrendering 2.1 crore shares granted to him in the form of …
One97 Communications shares surge nearly 7 pc as Q4 loss narrows Read More »
Global fintech funding saw a marginal dip in April, declining slightly from USD 5.88 billion in March to USD 5.86 billion, with 167 deals recorded. Plaid led the month’s top deals by raising USD 500 million from major investors including BlackRock and Fidelity. FNZ and Imprint followed, each securing USD 500 million from firms such …
Global fintechs raise around USD 5.86 billion in April Read More »
Payments and financial services company Paytm on Tuesday reported a strong performance for the March quarter of FY25, demonstrating continued growth across its core business segments.
UPI QR codes have recorded the fastest growth in digital payments infrastructure in the financial year 2024-25, with a 91.5 per cent jump over the previous financial year to 657.9 million, according to the latest RBI data.
PayU-backed Wibmo, a provider of online payment security services, is set to appoint Shailesh Paul—an execuitve of Visa—as its new CEO. He replaces Suresh Rajagopalan, who left in March. Wibmo, acquired by PayU in 2019, is expanding its focus to include full-stack payment solutions and business payments for future growth.
Paytm is set to announce its Q4FY25 results with brokerages divided on outcomes. JM Financial and Yes Securities expect a PAT swing to profit, while Motilal Oswal sees narrowed losses. Revenue estimates range from Rs 1,975 to Rs 2,199 crore. UPI incentives, improving EBITDA margins, and operating leverage remain key drivers and monitorables across all …
