• Bhubaneswar India
  • Contact+ 91-9938772605
  • Mon - Sat : 10:00AM - 6:00PM

Tag: Paytm

Paytm Q1 FY 2025: Operating Revenue Hits Rs 1,502 Cr; Merchant Payments Rebound, Consumer Metrics Stable

Mumbai, July 19, 2024: One 97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Soundbox and mobile payments, has announced its financial results for the first quarter of FY25 (Q1 FY2025), registering a rebound in key metrics.

The financial results of the company in line with guidance provided during the previous quarter.

The company has reported an operating revenue of ₹1,502 Cr, with Earnings before Interest, Tax, Depreciation, and Amortisation (EBITDA) loss standing at ₹792 Cr. EBITDA before ESOP stood at loss of ₹545 Cr, as stated previously.

For the company, the full financial impact of the recent disruptions is visible in Q1 FY2025. The company also stated that revenue and profitability will improve, with growth in merchant payment operating metrics including GMV, accelerated merchant reactivation and growing merchant base, along with continued focus on cost optimisation.

Revenue from financial services amounted to ₹280 Cr, while revenue from marketing services was ₹321 Cr. During the quarter, contribution profit was at ₹755 Cr, with a 50% margin.

Paytm spokesperson said, “We are seeing a rebound in our merchant operating metrics and stability in our consumer base, demonstrating our path to recovery. This also indicates the continued confidence of our merchant partners and consumers on our platform, and we are grateful for the trust of our stakeholders. With Q1 illustrating the full impact of recent disruptions, we are confident in our trajectory towards sustained growth going forward.”

The company continues to have a strong balance sheet with ₹8,108 Cr of cash on books. It also holds stock acquisition rights in PayPay Corporation (5.4% stake, once exercised).

Q1 FY 2025 Financial Highlights:

  • Merchant Payment Operating Metrics Rebound to January 2024 levels
    The company said that new merchant signups on its platform reached January 2024 levels. Further, accelerated efforts towards redeploying devices from inactive to new merchants have resulted in an increase in merchant subscriber (or device merchant) base to 1.09 Cr. The Noida-headquartered payments major said that it expects net device merchant additions to reach previous run rates by Q3 FY 2025.

Daily average GMV (excluding disrupted products) has shown consistent improvement during the quarter and will remain positive as it nears January 2024 levels. Overall gross merchandise value (GMV) has been growing month-on-month (MoM) and is Rs 4.3 lakh crore for the June quarter.

  • GMV per consumer increasing, stablising metrics
    The company highlighted that its total monthly transacting user base has stabilised at ~7.8 crore by the end of June, highlighting strong user affinity for Paytm’s platform and retention. Paytm further added that it is awaiting permissions to onboard new UPI consumers, which will result in further growth of its MTU base.
  • Cost optimisation continues to be focus
    As part of its earnings release, the company emphasised that it remains committed to managing its overall cost structure. The company has achieved 9% reduction quarter on quarter in employee costs, as part of its goal to save ₹400-500 Cr annually.
  • Driving monetisation through loans, wealth, insurance distribution
    Paytm has been keenly focused on distributing tailored offerings to its consumers across categories of loans, wealth products and insurance.

The company stated that it has seen a strong product-market fit for distribution of its shop insurance offerings by leveraging merchant insights. On the consumer side, it has seen good traction with embedded and DIY insurance products such as motor insurance. On the health insurance front, it is offering differentiated products that combine Health Insurance, Health-care, and OPD benefits and has also launched protection plans for merchant partners. It will also look to enhance credit distribution by diversifying lending products and partners and expand secured lending products.

  • Disclosures regarding PayPay
    The company also said that it holds stock acquisition rights in PayPay Corporation (5.4% stake, once exercised).
  • Focus areas
    The company also said that it will focus on leading the market with merchant payment innovations, including introducing new devices and aggregation of various merchant discount rate (MDR)-bearing payment instruments. The company will allocate more resources to Insurance distribution and Mutual Fund distribution, which offer large monetisation opportunities.

Majority of Customers Choose Long-Term Plans for Vi, Jio, and Airtel Recharges on Paytm Following Tariff Hike

Paytm, India’s leading payments and financial services distribution company, offers a wide range of services, including online mobile recharges. With tariff hikes from major network providers such as Reliance Jio, Airtel, and Vodafone Idea, Paytm provides customers with convenient options to manage their mobile recharges efficiently.

Paytm spokesperson said, “We have registered a 15-20% increase in mobile recharges compared to the daily average on our platform. There is also an increased preference for long-term plans.”

Whether it’s for data, an unlimited pack or top-ups, Paytm offers an extensive range of recharge plans, allowing users to choose the one that suits their needs based on their telecom operator.

Here’s how to recharge your prepaid mobile number on Paytm

1. Open the Paytm App and go to ‘Bill Payments by BBPS’ section

2. Select ‘Mobile Recharge’ and enter your mobile number (Reliance Jio, Airtel, Vodafone Idea)

3. Select your recharge plan

4. Click ‘Proceed to Pay’, choose your payment method and complete the payment

How to pay your postpaid mobile bills on Paytm

1. Open the Paytm app and go to ‘Bill Payments by BBPS’ section

2. Select ‘Mobile Postpaid’ and enter your mobile number ((Reliance Jio, Airtel, Vodafone Idea)

3. The app will auto pick the amount to be paid

4. Click ‘Proceed to Pay’, choose your payment method and complete payment

Paytm is among the most preferred platforms for mobile recharges due to its user-friendly interface and other benefits. These include flexible payment options, deals and cashback offers, along with recharge reminders.

By allowing users to save their mobile numbers and recharge plans on the app, Paytm ensures a hassle-free experience for future transactions. Paytm provides a reliable solution to keep users connected amidst the changing telecom landscape.

Paytm brings Travel Festival Sale from August 18-20, offers exciting discounts on domestic and international flights, bus and train ticket bookings

Paytm brings exciting discounts on domestic and international flights, train and bus bookings — launches Travel Festival sale that is live on June 15 and 16

One97 Communications Limited that owns the brand Paytm, India’s leading digital payments and financial services company, today announced the ‘Paytm Travel Festival’ an online sale, with discounts on domestic and international flight, train and bus tickets from June 15th to June 16th, 2022. The festival aims to give users the convenience of seamless ticketing with the best deals on the Paytm app.

With the Paytm Travel Festival sale, users can avail a 15% discount on domestic flight bookings and 10% off on international flights bookings on the Paytm app with credit card and EMI transactions through ICICI Bank and Bank of Baroda. RBL Bank users can avail the offer through debit card transactions as well. Additionally, users can get a 20% instant discount on bus ticket bookings, while train tickets can be booked at zero payment gateway (PG) charges via UPI on the app.

Paytm Spokesperson said, “We strive to offer convenience to users with our seamless ticketing services and offer the best deals. We are excited to announce India’s biggest travel sale with massive discounts across flight, train and bus tickets.”

With flight ticketing on the Paytm app, users enjoy a fully seamless payment experience with insurance booking options, convenient cancellation support, and more. Moreover, students, armed forces and senior citizens can avail special fares on flight ticket bookings.

The company is also an authorized partner for IRCTC, offering users easy train ticket booking facility in more than 10 languages. Users can also access a pool of benefits — from checking PNR, customer support and also avail Paytm Postpaid (Buy Now, Pay Later feature) to book train tickets now and pay later. Additionally, users can book bus tickets through the Paytm app for over 2,500 bus operators and get assured offers and cashbacks.

Paytm also allows users to book event tickets and metro tickets on its app. The company offers flexibility of payments as users can easily pay for such bookings through a host of Paytm payment instruments such as Paytm Wallet, Paytm UPI, Paytm Postpaid (Buy Now, Pay Later), netbanking and debit & credit cards.

Primo Group

PrimoLCS Launches its Logistic Services for Small Sellers

Primo Logistics Center For Sellers Launches its Logistic Services for Small Sellers. PrimoLCS is dedicated to catering to the requirements of the sellers that covers a range of services from shipping to storage. It offers all the logistics services, storage, and distribution solutions under one roof. The company has served some of the big names in the industry like Carlsberg, Snapdeal, Kohinoor, Paytm, Cloudtail, NEC wires & cables, DHL, and more

The supply chain is an important pillar in any organization, and logistics services are integral.  Once the products are received from the manufacturer, their proper storage is paramount.  There are different types of storage needs that any business requires, and Primo LCS caters to all these requirements with its most advanced storage and disruption services.

“We understand that the market is getting competitive, and for any company, it is important to gain the competitive edge.  With the right logistics services working at the backend, every company can ensure that their products are stored safely and reach their destination unscathed.  Primo Integrated Service Pvt. Ltd works arduously to provide the best logistic and storage solutions,” elaborates, Sumit Chakraborty, Group Head-Primo Group.

Logistics and storage solutions play a pivotal role in ensuring a seamless supply chain.  The logistics business in India has grown in recent years.  The Indian logistics sector is valued at  $160 billion and is expected to reach $215 billion by 2022.  Organized companies like Primo Integrated Service Pvt. Ltd. have played an important role in strengthening this sector.  The company is a Logistics, Order Fulfilment, Warehousing, and Distribution service provider and has been rendering its services since 2011. Completing a decade-long journey, Primo Integrated Service Pvt. Ltd has catered to the logistic requirements of different

companies.

Every industry is constantly changing and evolving; technological intervention ensures that every company stays ahead of the competition and can serve its customers better.  Primo LCs wants envisions becoming one of the leading and trusted names when it comes to logistics services. “We provide our clients with an up-to-the-minute report of their products.  This helps in building trust and reputation in the market,” quotes Pradeep Shukla, Group Director & CEO PrimoLCS. Moreover, the Primo LCS promotes quality warehousing and storing solutions that could easily meet the demand of different business sizes.

With an astute vision to redefine the logistic and warehousing services, Primo LCS is focused on leaving no stone unturned to become the best and the most trusted logistics company in India.