Paytm CEO expects no impact on profitability despite 42% reduction in govt incentives for digital transactions.

Paytm CEO Vijay Shekhar Sharma says the company sees no impact from the government's lower allocation of incentives for promoting small ticket digital transactions on its path to profitability. The government has reduced incentive allocation for Rupay and UPI transactions by about 42% in the budget. Paytm remains committed to achieving a profitable quarter this fiscal year, according to Sharma.

July 30, 2024
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