Page 5 - Paytm

Paytm in focus as board considers buyback; IIAS raises key concerns

The buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent

Paytm loan disbursal reaches annualised run rate of Rs 39,000 crore in Nov

Digital financial services firm One97 Communications on Monday said that its loan disbursals reached an annualised run rate of around Rs 39,000 crore in November this year. One97 Communications (OCL), which owns Paytm brand, had reported loan disbursals at an annualised run rate of around Rs 37,000 crore in October. "Our loan distribution business (in partnership with top lenders) continues to witness an accelerated growth with disbursements through our platform now at an annualised run rate of Rs 39,000 crore in the month of November," Paytm said in a regulatory filing. The GMV (Gross Merchandise Value) processed through Paytm platform grew 37 per cent for the two months ended November 2022, aggregating to Rs 2.28 lakh crore from Rs 1.67 lakh crore a year ago. The value of loans disbursed through Paytm grew by over four-fold on year-over-year (y-o-y) basis to Rs 6,292 crore in November from Rs 1,328 crore, while the number of loans disbursed grew two-and-a-half times to around 68

Paytm lending biz at annualised run rate of $4.8 bn, disburses 6.8 mn loans

The usage of Paytm Super App has also hit another high as the company said its average monthly transacting users is at 84 million for the two months ended Nov 2022

Buybacks jump 2.6 times this year as stocks take a tumble, shows data

51 companies have announced Rs 37,519-crore buybacks so far

Paytm can't use IPO proceeds for buyback; co's liquidity to be used: Report

One 97 Communications Ltd, the operator of India's largest digital payments provider Paytm, cannot use proceeds of its mega initial public offering (IPO) for the proposed repurchase of its own shares, as rules prohibit such a move, sources said, adding the firm will use its strong liquidity for the purpose. Paytm has a liquidity of Rs 9,182 crore, as per its last earnings report. The company's board is scheduled to meet on December 13 to consider a share buyback proposal. "The management believes that given the company's prevailing liquidity/ financial position, a buyback may be beneficial for our shareholders," it had stated in an exchange filing on Thursday. After a much-watched listing late last year, the stock is down 60 per cent in 2022 amid a global tech selloff and questions swirl around the firm's profitability, competition and costs related to marketing and employee stock options. Sources said regulations prevent any company from using IPO proceeds for a share buyback. Pa

Paytm buyback shows firm believes shares are below intrinsic value

Paytm, India's leading mobile payments and financial services company, has informed the exchanges about its plans to buyback shares as its management believes that it will be beneficial

Paytm surges 7% on share buyback plan; board to meet on Dec 13

The company in a release to the exchanges said that the management believes that given the company's prevailing liquidity/ financial position, a buyback may be beneficial to the shareholders.

Sensex sinks 389 pts, Nifty below 18,500; IT, PSBs crack; HCL Tech down 7%

CLOSING BELL: Sectorally, defensive indices like the Nifty FMCG and Pharma held gains as they rose 0.8 per cent and 0.4 per cent

Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma

Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.

Paytm announces board to consider share buyback proposal on December 13

Digital financial services firm Paytm on Thursday said its board will meet on December 13 to consider a proposal for share buyback keeping in mind the company's liquidity position which may be beneficial for its shareholders. Paytm has a liquidity of Rs 9,182 crore, as per its last earnings report. Liquidity of a company is measured by its ability to covert assets into cash. "The meeting of board of directors of the company is scheduled to be held on Tuesday, December 13, 2022 to consider a proposal for buyback of the fully paid-up equity shares of the company," Paytm said in a BSE filing. The company's revenue in the last quarter was Rs 1,914 crore. "The management believes that given the company's prevailing liquidity/financial position, a buyback may be beneficial for our shareholders," the filing said. The company in its recent analyst meeting, where it had outlined key growth drivers, had said that it expects to become cash flow positive in the next 12-18 months. Paytm got

Risk-reward favourable for Paytm; may rise more than 100% in 1 yr: Analysts

Shares of Paytm surged 8 per cent to Rs 535.45 apiece in the intra-day trade on Friday, before settling at Rs 537, up 7 per cent

UPI volume cap deadline extended by 2 yrs in relief for PhonePe, Google Pay

Players wanted five-year extension on the market cap deadline

HDFC Bank revises credit card rewards points programme for customers

The bank said for select products and vouchers, redemption of reward points will be capped at 70 per cent of the total value, but this is not applicable for Infina and Diners Black cards

Paytm expects blended payment margin to stabilise at 5-7 bp on GMV

Digital financial services firm One97 Communications, which operates under Paytm brand, expects its blended net payment margin to stabilise at 5 to 7 basis points due to increase in share of UPI in the payment business, according to company's founder and CEO Vijay Shekhar Sharma. Net payment margin or net contribution profit is defined as payment revenues less payment processing charges. According to a presentation made before analysts, One97 Communications (OCL) said the company at present, earns net payment margin of 7 to 9 basis points (bps) of gross merchandise value (GMV) on processing. "Of which UPI gives us 3 to 4 bps and other instruments give us 15 to 18 bps. Since UPI is growing faster than other instruments, we expect blended margin to stabilize at 5 to 7 bps," Sharma said during the presentation. Paytm's payment charges will trend lower as percentage of GMV because of higher UPI in mix and routing and rate optimisations, the company explained. During the September 2022

Sensex ends at record closing, rises 211 pts; Nifty holds 18,550; RIL up 3%

CLOSING BELL: The S&P BSE Sensex hit a fresh life-time high at 62,701, and the Nifty 50 registered a fresh summit at 18,614 on Monday

Paytm dips 4% intra-day as RBI asks arm not to onboard new online merchants

This has no material impact on our business and revenues, since the communication from RBI are applicable only to on boarding of new online merchants, Paytm said

RBI pauses onboarding of online merchants by Paytm Payments Services

Banking regulator RBI has put a pause on onboarding of online merchants by Paytm Payments Services, even as the company said it will have no material impact on its business, according to a regulatory filing. One97 Communications (OCL), which owns the Paytm brand, had proposed to transfer the payment aggregator services business undertaken by it to Paytm Payments Services (PPSL) in December 2020 to comply with payment aggregator (PA) guidelines of the Reserve Bank of India (RBI) but the banking regulator had rejected its application. The company had re-submitted the required documents in September 2021. Paytm said PPSL has now received a letter from RBI in response to an application for the authorisation to provide PA services for online merchants. As per the letter, PPSL is required to "Seek necessary approval for past downward investment from the company into PPSL, to comply with FDI Guidelines" and "not onboard new online merchants". Paytm, in the regulatory filing, said it can

Paytm Payments to reapply for authorisation of payment aggregator service

Ahead of that, the company will seek necessary approval for past downward investment from One97 Communications Ltd (OCL) into PPSL, to comply with FDI guidelines

Zomato, Paytm dole out ESOPs to top executives in H1FY23 despite losses

According to regulatory filings by Paytm and Zomato, key managerial personnel have been rewarded ESOPs worth crores during the first half of FY23

PhonePe set to acquire fintech start-up ZestMoney for about $300 mn

Deal expected to be closed in two-four weeks, says source