Wednesday, 22 May, 2024

Paytm Reports Wider Q4 Loss and Decline in Revenue

Paytm's Q4 results reveal a widened loss of Rs 550 crore, with revenue dropping 3% year-on-year. The financial report highlights ongoing challenges for the digital payments giant, including increased operational costs and competitive pressures. Despite efforts to diversify and expand its services, Paytm continues to face significant hurdles in achieving profitability, reflecting broader market trends and the impact of a competitive fintech landscape.