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

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