Paytm: People's trust on digital payments is increasing, the company will be profitable by 2023, said Paytm founder

Posted on 30th Jul 2022 02:36 pm by rohit kumar

Paytm founder Vijay Shekhar Sharma has said that the company is gaining momentum in its business and will start earning profits from its operations in the year 2023. Let us tell you that the founder of the company has presented its annual report for the first time since its listing in the stock market on Thursday itself. On the occasion, the company's founder Vijay Shekhar Sharma has said that our focus is on the app and we are also providing facilities like Fastag and Buy Now Pay Later on it, people are liking it.

 

Vijay Shekhar Sharma has said in a letter sent to the shareholders of the company that in the last year, our team has done excellent work. The company's revenue has improved and we have been able to invest in our payments and credit business. Sharma has written to the shareholders that the EBITDA loss of the company is continuously decreasing. Sharma has assured shareholders that by the quarter ending September 2023, the company will start earning operating profit.

 

Paytm Founder Vijay Shekhar Sharma has said that merchant partners are now increasingly understanding the value of digital payments and are now ready to pay for the technology that makes digital payments easy and reliable.

 

Also Read: FDI: Delhi is third and Haryana fifth in getting FDI, Singapore has the highest investment of 27.01 percent

Other news

NEP 2020: Union Home Minister Amit Shah said - New National Education Policy will make India a world guru again

Two Years of National Education Policy (NEP 2020): Union Home Minister Amit Shah on Friday said t

Dunki Teaser: Shahrukh's Dunki teaser will be related to Salman Khan's Tiger 3, it will also have a special connection with World Cup 2023

Shahrukh Khan has proved through his two films 'Pathan' and 'Jawaan' released this year, why he i

Assassination of former Chief Justice of High Court in Pakistan: Terrorists shoot outside mosque in Balochistan; 42 terrorist attacks in a month

The former Chief Justice of the High Court was shot dead in the Balochistan province of Pakistan.

IND vs. BAN Weather: Will rain become the villain in India's last Super Four match? Know how the weather is in Colombo today

The teams of India and Bangladesh will face each other in the Super-Four round today. With this m

Overseas Indians will earn Rs 8 lakh crore: India has overtaken Pakistan and China in terms of earnings from abroad

This year, the amount of overseas Indians earning from abroad will cross Rs 8 lakh crore. This ha

IND vs AUS: This Australian bowler is out of the Test series against India, doubt about playing three more players

The next match of the four-match Test series between India and Australia will be played in Indore

Pushpa 2: This legendary cricketer will have a cameo in Pushpa 2? Tagging Allu Arjun, he said- 'I am eagerly waiting...'

Pushpa 2: The craze for the 2021 blockbuster film Pushpa The Rise was seen all over the world. Na

Bharat Jodo Yatra: Congress's Bharat Jodo Yatra continues in Telangana, and progresses in the Narayan Pet district

Congress's Bharat Jodi Yatra is in Telangana these days. People are gathering on the journey. On

Mission Raniganj Box Office Collection: 'Mission Raniganj' opened its account with so many crores, know the opening day collection

Mission Raniganj Box Office Collection: After giving 5 consecutive flop films, Akshay Kumar has r

Ponniyin Selvan 2 Trailer: PS 2 trailer launch in presence of Aishwarya Rai and Mani Ratnam

Ponniyin Selvan 2 Trailer: The trailer of Aishwarya Rai Bachchan's much-awaited film PS2 has been