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Showing posts with the label Financial services

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. 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 a...

SC favours CA exam in July, agrees to consider opt-out option for students

  The Supreme Court on Tuesday said it favours in-person Chartered Accountant (CA) exams and refrained from passing any direction to postpone the schedule commencing on July 5. The Supreme Court on Tuesday said it favours in-person Chartered Accountant (CA) exams and refrained from passing any direction to postpone the schedule commencing on July 5. A bench headed by Justice A.M. Khanwilkar said students with Covid should get opt-out option. The bench comprising Justices Dinesh Maheshwari and Aniruddha Bose directed Institute of Chartered Accountants of India (ICAI) to present a note incorporating the court's suggestions, other deliberations and also ICAI's stand on them. The bench said it will pass orders on the petitions connected with the CA exams after perusing the note and adjourned the matter for Wednesday. The bench in principle agreed that CA exams can be held from July 5, and asked ICAI to consider its suggestions for granting chance to candidates to opt f...