Sunday, November 27, 2022

Paytm

Paytm’s lending business hits annualised run rate of Rs 34,000 cr

Despite incurring quarterly losses, fintech major Paytm continued to see steady growth in its lending business in the September quarter this fiscal. The platform disbursed 9.2 million loans worth Rs 7,313 crore in Q2, recording a 224 per cent...

Paytm says no link with Chinese loan merchants under ED scanner

Digital financial services firm One97 Communications, which operates under the Paytm brand, on Sunday denied any link with the merchants that are under the Enforcement Directorate scanner in the Chinese loan app case.Paytm said that none of the funds...

ED raids online payment gateways Razorpay, Paytm, Cashree

The Enforcement Directorate (ED) on Saturday raided online payment gateways like Razorpay, Cashfree, Paytm as part of an ongoing probe in connection with the Chinese instant loan app case.The raids are currently underway at six premises in Bengaluru. The...