Paytm tops $977 million revenue in a year, narrows loss

Paytm, India’s leading mobile payments firm, reported a 13.2% surge in revenue to $285.7 million in the quarter ending March and pared its loss by 57% to $20.5 million in a sharp turnaround for the company that is increasingly trying to become profitable following a tremulous year and a half after its public debut.
Paytm’s revenue in the financial year ending March 2023 stood at $977.9 million, up from $644.4 million from a year ago. During the period, the firm trimmed its losses to $217 million, down from $293.3 million.
The firm attributed surge in its revenue to growth in moneti

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