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One 97 Communications injects $250m investment into Paytm
Yahoo Finance· 2025-12-15 11:19
Investment and Financial Performance - One 97 Communications has completed a Rs22.50bn ($250m) investment into its subsidiary Paytm Payments Services Limited (PPSL) through a rights issue [1] - For Q2FY26, Paytm reported a net profit of Rs2.11bn ($25.3m) before a one-time charge, with a reported profit after tax of Rs210m ($2.5m) after impairing a Rs1.90bn ($22.7m) loan [3] - Operating revenue for the quarter increased by 24% year-on-year to Rs20.61bn ($247m) [4] Product Development and Features - Paytm launched a new in-app privacy feature called 'Hide Payments', allowing users to move selected UPI transactions out of the main transaction history [2] - The 'Hide Payments' feature is designed to enhance user discretion, particularly for those sharing devices [2] - Paytm claims to be the only UPI app in the market offering this privacy capability [3] Regulatory Developments - One 97 Communications received the Reserve Bank of India's (RBI) online payment aggregator license, allowing Paytm to operate as a payment aggregator [5]