Reported about 1 month ago
Paytm's shares dropped sharply after the fintech company's revenue declined by 34% for the second consecutive quarter, reaching 16.6 billion rupees ($197 million). Despite achieving its first-ever net income due to a one-time gain from selling its ticketing business, the company faces ongoing challenges, including regulatory pressures that have disrupted its banking operations and fierce competition in the digital payments space. As Paytm works on stabilizing its business and expanding its services, it must regain user trust and navigate a stringent regulatory environment.
Source: YAHOO