Paytm sees no impact of lowering of UPI incentives on its path to profitability

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The story "Paytm sees no impact of lowering of UPI incentives on its path to profitability" was covered 11 hours ago by YourStory, a news publisher based in India.

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Paytm sees no impact of lowering of UPI incentives on its path to profitability - YourStory

Quick Summary:

Paytm CEO Vijay Shekhar Sharma denied any impact of lower allocation of incentives to promote small ticket digital transactions on his guidance over profitability this fiscal year.

Consolidated revenue declined 33.48% to Rs 1,639.1 crore during the quarter, from Rs 2,464.2 crore in the same period a year ago.

The company had reported to have over 1 crore merchants using soundbox machines.