#Paytm One 97 Communications Limited

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Paytm Appoints Rajeev Krishnamuralilal Agarwal As Independent Director; Neeraj Arora Steps Down

The parent firm of Paytm, One 97 Communications Limited (OCL), has announced a significant board change. Rajeev Krishnamuralilal Agarwal, a former IRS official and SEBI Whole-Time Member, has been named Non-Executive Independent Director. This important hire demonstrates Paytm’s commitment to improving corporate governance through increased regulatory and compliance knowledge.

Neeraj Arora Resigns Due to Personal Commitments

Neeraj Arora has resigned from his position as Non-Executive Independent Director, citing preoccupations and personal commitments. Arora’s contributions have been critical to Paytm’s growth and development. Agarwal has almost 40 years of experience in the financial sector, including 28 years with the Indian Revenue Service.

During his term as a Whole Time Member of SEBI, Agarwal was instrumental in various market reforms. Notable accomplishments include the revitalization package for the mutual fund industry in 2012, the merger of the Forward Markets Commission with SEBI in 2015, and a number of IPO changes aimed at improving market transparency. He also implemented an offer for sale system for PSU disinvestment and expanded the SME exchange, which improved capital-raising prospects for small businesses and entrepreneurs.

Paytm’s Leadership Welcomes Agarwal

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[sanjana-s]

Understanding NPCI's Role in Shaping India's Digital Payments Future

By the end of this year, the National Payments Corporation of India (NPCI) might change its decision about limiting the market share of companies offering Unified Payments Interface (UPI) services to 30%. The deadline for this limit to take effect is December 2024.

A source in the industry told Business Standard that the 30% cap on transaction volume for UPI services will be reviewed by the end of the year.

In November 2022, a 30% cap on transaction volume for third-party app providers was proposed. UPI players were asked to limit their market share to 30% within two years.

In March, the NPCI discussed UPI growth with new players and strategies to empower them in the UPI ecosystem. This included encouraging third-party payment apps to attract users through investments and incentives.

Brands like Cred, Slice, Fampay, Zomato, Groww, and Flipkart are trying to attract users and promote their UPI services.

Last year, NPCI introduced an interchange fee on prepaid payment instrument (PPI)-based merchant transactions through UPI. The interchange fee for PPI issuers on transactions over Rs 2,000 is up to 1.1%, but it applies only to PPI-based merchant UPI transactions. UPI transactions in India increased by 56% in volume and 44% in value in FY24 compared to the previous year.

Google Pay, PhonePe, and Paytm were not invited to a recent meeting. This was because these three companies control more than 90% of both the number and value of UPI transactions.

NPCI wants to hear from different people about how they can make things fairer for smaller companies in the payment system.

Earlier this week, NPCI said One 97 Communications (OCL), Paytm's parent company, can move its users to new banks for UPI payments. This means Paytm can now offer UPI services through other banks.

In March, NPCI also let OCL work as a Third-Party Application Provider (TPAP) using many banks.

"After NPCI said yes on March 14, 2024, to let OCL work as a Third-Party Application Provider (TPAP) using many banks, Paytm has made it easier to move user accounts to Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank. All four banks are now ready to help Paytm with this," the company said in a stock exchange filing.

[ujjinatd]

Paytm obtiene la aprobación del NPCI para la migración de usuarios a nuevos bancos proveedores de sistemas de pago One 97 Communications Limited (OCL)... https://ujjina.com/paytm-obtiene-la-aprobacion-del-npci-para-la-migracion-de-usuarios-a-nuevos-bancos-proveedores-de-sistemas-de-pago/?feed_id=597029&_unique_id=6620fd93db9bb

[apacnewsnetwork0]

Paytm’s Vijay Shekhar Sharma Resigns from Payments Bank Board

New Delhi: Vijay Shekhar Sharma, the founder of Paytm, has stepped down as the part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL) ahead of the March 15 deadline to cease its operations.

PPBL has announced a reshuffle of its Board of Directors, appointing Ex-Central Bank of India Chairman Srinivasan Sridhar, former Executive Director of Bank of Baroda Ashok Kumar Garg, retired IAS officer Debendranath Sarangi, and former IAS officer Rajni Sekhri Sibal, One 97 Communications Limited.

Read More - https://apacnewsnetwork.com/2024/02/paytms-vijay-shekhar-sharma-resigns-from-payments-bank-board/

[squarwell-breakingnews]

Reliance is India's most-visible company: Report - Times of India

Reliance is India’s most-visible company: Report – Times of India

NEW DELHI: Reliance Industries Ltd, India’s largest corporate by revenues, profits, and market value, topped the 2022 Wizikey Newsmakers report as India’s most-visible corporate in the media. State Bank of India, ICICI Bank Limited, Bharti Airtel Limited, and One 97 Communications Limited, which owns Paytm, are the other firms in the top five rankings, Wizikey said in a statement. The rankings…

[znewstech]

Reliance is India's most-visible company: Report

Reliance is India’s most-visible company: Report

NEW DELHI: Reliance Industries Ltd, India’s largest corporate by revenues, profits, and market value, topped the 2022 Wizikey Newsmakers report as India’s most-visible corporate in the media. State Bank of India, ICICI Bank Limited, Bharti Airtel Limited, and One 97 Communications Limited, which owns Paytm, are the other firms in the top five rankings, Wizikey said in a statement. The rankings…

[adharavkapoor]

Get complete analysis on Paytm One 97 Communications Limited history,  Paytm IPO Share Price, paytm stakeholders, Paytm upcoming IPO unlisted shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and latest updates.

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Paytm One 97 Communications Limited Unlisted Shares Essentials

Get complete analysis on Paytm One 97 Communications Limited history,  Paytm IPO Share Price, paytm stakeholders, Paytm upcoming IPO unlisted shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and latest updates.

Paytm One 97 Communications Limited was Incorporated on 22 December in year 2000 by Mr. Vijay Shekhar Sharma Managing Director and Founder of one 97 communications. One 97 (PAYTM) is a provider of telecom value - added services it also develops and procures content and application to provide the relevant platform for the Value-added service products and services. PAYTM was established in 2010 under One97 Communications Ltd. As a prepaid mobile recharge website and company is continuously improving its services and shifting towards e-commerce business segment. Company is going to launch stock brokerage services in a few weeks.

The Noida-based firm received nod from SEBI for stock broking in January.  According to Sharma, the Stock brokerage services will come under Paytm  Wealth feature. Company’s E-Commerce vertical does not get much success.  Now the company is concentrating on the Financial Services and small finance bank business Like Stock broking, Mutual Fund Distribution and Payment Gateway. Small Finance Bank is the most profitable vertical of  the company because of the huge customer base. So it will give future  benefit to the company. Paytm is currently available in 11 Indian languages and offers online use-cases. As per the company, over 7 million merchants across India use this QR code to accept payments  directly into their bank account. Paytm launched an all –in –one QR code payments features with no MDR on the Transections made through UPI and Rupay card. Paytm, with over 350 million users, constituted the highest users base in digital payments in India for the year 2019. Get Full Report of Paytm stakeholders,  Paytm Share Price IPO, Paytm Unlisted Share Price & much more only on Planify. For More Info Check out our Youtube Channel:-  ipo news Recomended Videos:- 1. Paytm Review  2. paytm stock price

[hisureshkumar]

Paytm (One 97 Communications) IPO Review – Is it good or bad for investment?

Paytm (One 97 Communications) IPO Review – Is it good or bad for investment?

Paytm IPO (One 97 Communications Limited IPO) Details New Delhi based One 97 Communications (Paytm) is coming up with IPO that would open for subscription on 8th November 2021. There is no specific introduction required about Paytm. One 97 Communications Limited (Paytm) is the leading digital ecosystem for consumers as well as merchants. Company revenues are declining in the last 3 years. It…

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Get to know about Paytm One 97 Communications Limited Cash Flow Find more about Paytm One 97 Communications Limited cash inflow, cash management and outflow from operations, financing, and investing activities over time.

[stockrider]

Watch the One 97 Communications Limited (Paytm) Stock Analysis. This Share is on its support, if support breaks then it will go to downside. Check buying or selling levels and targets on chart. https://youtu.be/0jiSFi8ZN2k #Paytm #StockRider

[linkcxo]

Hello CxOs,

Here is your Daily Business News Brief, brought to you by LinkCXO (The CxO Community App) News Team. The biggest news of the day is, ✅ Paytm records 418% YoY growth in the value of loans disbursed in October 2021. The company further said the Board of Directors of its parent firm One 97 Communications Limited will meet on November 27 to consider and approve the quarterly financial results. ✅ Chinese Artificial Intelligence startup SenseTime Group has received approval for an initial public offering in Hong Kong, according to two sources with direct knowledge of the matter. ✅ Nifty gives up 17600 as bears run riot, Sensex tanks 600 pts; Paytm down 11%, RIL down 3%. ✅ India Is One Step Closer To Fully Adopting Cryptocurrency. A parliamentary panel for the first time discussed the fate of cryptocurrencies in India on Monday where the consensus emerged that cryptocurrencies can’t be stopped so they should be regulated.

[investindias]

"One 97 Communications Limited IPO - Paytm IPO Details, GMP, Subscription and Issue Price".

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Paytm, Paytm one 97 communication Limited is India's largest digital goods and mobile commerce platform - inspired and driven by a commitment to great consumer experience.

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Latest updates on Paytm One 97 Communications Limited Stock Split , bonus issue and stock splits. Track all corporate actions and legal orders of Paytm One 97 Communications Limited