Google services pay8/2/2023 ![]() ![]() ![]() In Q4 FY 2023, revenue for financial services and others grew 183 per cent (year-on-year) to Rs 475 crore. Paytm has built a key differentiation in the market for itself with the widest array of payment instruments like Wallet, UPI, Postpaid, Food Wallet, Fastag and a variety of banking products available through Paytm Payments Bank.įor offline transactions, the company has devices like Paytm QR code, Android Smart POS, EDC (Electronic Data Capture) device, IoT devices and the soundbox.įurthermore, the company has built a solid lending business, wherein it has seen a 364 per cent increase in the value of loans distributed through its platform. In the fourth quarter, Paytm also recorded UPI incentives worth Rs 182 crore in the quarter, up by 101 per cent on a yearly basis. In fact, Paytm has been focused on merchant payments, where it actually makes money.Īlso Read | Paytm gets extension to apply for online payment aggregator permit While PhonePe and Google Pay are focused on UPI P2P, Paytm has taken the cake with its diversification of business. To put it into perspective, Paytm's Q4 revenues of Rs 2,334 crore were still ahead of PhonePe's revenues of Rs 1,912 crore for the first nine months of the calendar year 2022. Just inches away from a billion dollars, Paytm's revenue puts it the leading spot in the Indian fintech space and miles ahead of the likes of PhonePe or Google Pay. ![]() Indian fintech giant Paytm on Wednesday reported its financial performance for FY23, where its revenues swelled to Rs 7,991 crore for the fiscal year. ![]()
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