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Paytm expects revenue, monetisation methods to expand in next few qtrs: CEO

 Digital payments, financial services firm Paytm is expecting to increase revenue and monetisation methods on its platform in the next few quarters.

Paytm

Digital payments and financial services firm Paytm is expecting to increase revenue and monetisation methods on its platform in the next few quarters, according to a top company official. Paytm Chairman and CEO Vijay Shekhar Sharma during an earnings call with analysts in the US said the company is seeing scale in system deployment and non-UPI revenue, where merchant gives revenue charges, MDR (merchants discount rate) for payments and credit led financial service, and provides the company with the next level of monetisation.

“We believe, we in the next few quarters will be able to not just expand revenue but increase more number of monetisation methods and subsequently increase contribution margins in due course. Our team, myself and everyone is super energised seeing the opportunity in front of us and we are committed to executing and delivering great results forward quarters,” Sharma said. One 97 Communications, which operates under the Paytm brand name, on Saturday reported widening of consolidated loss to about Rs 473 crore in the second quarter ended September 30, 2021, mainly on account of an increase in payment processing charges…

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