Financial services platform Paytm's Gross Merchant Volume (GMV) is growing at over a 100 per cent in a year, according to its Draft Red Herring Prospectus (DRHP), filed last week.

In Q1FY22, Paytm’s GMV hit Rs 1,46,900 crore, from Rs 69,700 crore in the same period last year. In the whole of FY21, Paytm’s GMV was Rs 4,03,300 crore, highest in the payments industry as per research firm Redseer.

Digital payments major Paytm will be amongst the top 10 most-valued financial (banks included) stocks in the country when it gets listed later this year.

According to investment banking sources, the company is looking at a valuation of between $20 billion and $25 billion in the initial public offering (IPO).

Financial services platform Paytm on Tuesday launched two new Internet of Things (IoT)-based payment devices, helping businesses to accept card payments on Android phones.

The Paytm Smart PoS application allows smartphones to accept debit and credit card payments like an electronic data capture machine does.

Shares of SBI Cards and Payment Services were up 3 per cent at Rs 855 on the BSE on Friday, gaining 4 per cent in the past two trading days after the company said it has launched credit cards in partnership with the digital payment platform Paytm.

The stock was trading higher for the fifth straight days and up 7 per cent during the week, as compared to 5 per cent rise in the S&P BSE Sensex.

Paytm has taken the challenge to Google’s Play Store by launching its Android Mini App Store, through which it seeks to help developers take their applications to the masses. This is the start-up’s latest move to break Google’s monopoly over distribution of Android applications.

Paytm is providing listing and distribution of these mini apps from within its app, without any charge. Developers will be able to give a choice of Paytm Wallet, Paytm Payments Bank, UPI, net banking, and card payments to users.

Home-grown financial services platform Paytm, which was briefly removed from Google Play Store for alleged policy violations earlier this month, said on Monday that it has brought back the Paytm Cricket League with UPI cashback and scratch cards.

Now, users can collect stickers of their favourite cricket stars as they pay digitally for their mobile bills, recharges, buying groceries or money transfers, Paytm said.

Digital payments company Paytm on Monday announced that it's wholly-owned subsidiary Paytm Money has opened stockbroking access for everyone in the country. The company is targeting a million investors with focus on first-time users from small cities and towns.

The company in a statement said, "the efforts are aligned to drive higher penetration in investing with an easy to use the product, low pricing (zero brokerage on delivery orders, Rs.10 for intraday) and digital KYC with paperless account opening.

After being removed from the Google Play Store on Friday evening over 'policy violation', leading digital payments platform Paytm was back on the Google platform. It also said that it has temporarily removed the cashback component from the cricket league on its platform in an effort to meet the Google Play Store policy requirements.

The clarification came after Google pulled down the Paytm app from its Play Store for allegedly violating its gambling policies.

Digital financial services firm Paytm on Friday said its revenue for fiscal year ended March 31, increased to Rs 3,629 crore supported by increase in number of transactions across various segments and point of sale devices.

The home-grown financial technology firm said its losses have narrowed by 40 per cent on a year-on-year basis.

Leading digital payment service Paytm on Monday launched an Android-based, pocked-sized point of sale (POS) device that is enabled with integrated billing software, camera for QR scanning and supports 4G SIM cards Wi-Fi and Bluetooth connectivity.

Available for an introductory monthly rental of Rs 499, the 'Paytm All-in-One Portable Android Smart POS' can accept orders and payments on the go.

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