Paytm loss widens and revenue shrinks as it grapples with regulatory clampdown

Indian fintech Paytm’s struggles won’t seem to end. The company on Friday reported that its revenue declined by 36% and its loss more than doubled in the first quarter as it continues to grapple with a regulatory clampdown that has significantly curtailed business at its payments bank subsidiary. Once the poster child of India’s startup […] © 2024 TechCrunch. All rights reserved. For personal use only.

Jul 19, 2024 - 13:30

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Paytm loss widens and revenue shrinks as it grapples with regulatory clampdown

Indian fintech Paytm’s struggles won’t seem to end. The company on Friday reported that its revenue declined by 36% and its loss more than doubled in the first quarter as it continues to grapple with a regulatory clampdown that has significantly curtailed business at its payments bank subsidiary. Once the poster child of India’s startup […]