Nakul Jain, CEO of Paytm Payments Services Limited Spokesperson said, “Our partnership with Citcon ensures that overseas merchants operating in India can use the payment app that consumers know and trust. ![]() Paytm Payment Gateway is the most preferred payment gateway for e-commerce offering a comprehensive range of payment options to users – Paytm UPI, Paytm Wallet, Paytm Postpaid, netbanking, debit cards and credit cards. The integration of Paytm and Citcon brings overseas merchants into compliance with UPI standards, enabling them to accept and reconcile digital payments from Indian consumers. With this partnership, Paytm will be integrated into Citcon’s global payments network and will enable international brands to accept payments in India. SANTA CLARA-, One97 Communications Limited, India’s leading payments and financial services company and the pioneer of QR and mobile payments, today announced that its wholly-owned subsidiary Paytm Payment Services Limited (PPSL) has partnered with Citcon USA LLC, an all-in-one payment platform. Enables users to pay using a wide range of payment modes like Paytm UPI, Paytm Wallet, Paytm Postpaid, netbanking, debit cards and credit cards.Offers a robust platform for international merchants to accept and reconcile digital payments from Indian consumers.Ensures a secure and seamless payment experience for Citcon’s merchants operating out of India.Nevertheless despite earnings cuts, the target prices of brokerages still indicate upside for the stock.Paytm partners with Citcon - enables international merchants like Kering Group, LVMH and Samsonite to accept mobile payments in India For postpaid loans, disbursement run rate is expected to halve, which is a significantly material downward revision.Īlso read- Sun Pharma share price declines as it revises bid to buy balance Taro stakeĪnalysts at Motilal Oswal Financial Services though remain watchful on the longevity of these measures and the outlook in low-ticket unsecured loans, they had trimmed their FY24 and FY25 disbursement estimates by 15%-18%, resulting in an 11-16% cut in their adjusted Ebitda over FY24 and FY25 (estimated). Also for merchant loans, the growth would be 30-45%, which is also materially lower than the earlier guidance in the second quarter call. Shivaji Thapliyal, Head of Research and Lead Analyst, Yes Securities said that Paytm has stated that for personal loans, the growth would be 15-20%, which is materially lower than the earlier guidance in the 2Q call. Given the slightly abrupt pullback on a key growth lever, analysts expect stock price to react negatively until growth trends stabilize and new strategy plays out Since the resurgence of Paytm stock price since CY22 lows was led by strong uptick in loan distribution business revenues and operational efficiencies thereof. At the same time, Paytm Postpaid also serves as a funnel for PL disbursements and this sharp cut could impinge on medium term growth rates on Personal Loans. While we will closely monitor the impact of this strategy of raising ticket sizes meaningfully, near-term growth on lending business and thus financial services revenues is likely to get impacted. While Paytm also announced expanding its credit distribution business to enhance focus on higher ticket loans for consumers and merchants in partnership with banks and NBFCs however overall analysts concerns remain elevated on shift in focus from its small ticket size BNPL loans.Īnalysts at JM Financial commenting on high ticket personal and merchant loans had said that these newer loans will be directed only to well-tested, prime segment customers on the platform. ![]() Also read- Cyient stock more than doubled investor wealth in less than a year
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