Paytm's Quarterly Revenue Rises 39% As Loan Demand Soars
NDTV
Paytm reported an operating profit for a third straight quarter, despite a rise in employee-related expenses and a lack of government incentives.
Digital payments firm Paytm reported a 39% rise in quarterly revenue, helped by soaring demand for loans.
One 97 Communications Ltd, parent of India's no. 2 digital payments app by market share, reported late Friday that revenue rose 39% year-on-year to 23.42 billion Indian rupees ($285.68 million) in the three-months ending June 30, from 16.80 billion rupees in the year-earlier period.
It reported an operating profit for a third straight quarter, despite a rise in employee-related expenses and a lack of government incentives.
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