Paytm
Paytm is growing: Q1 FY27 revenue was ₹2,448 crore, and net profit was ₹220 crore (Mint, 22 Sept). The RBI has struck Paytm Payments Bank off the scheduled banks list, though Paytm says UPI, QR and Soundbox services are unaffected (Financial Express, 7 Oct).
What it means
Paytm's scale now pays for itself: room for cashback and partner incentives.
Reported: Net profit +79% on revenue +28% in Q1 FY27.
Watch: Q2 FY27 results, expected mid Oct — net profit growth drops below revenue growth.
Before its next results, expected mid Oct:Before then:
- Affected
- Pine Labs — facing a better-funded PaytmDo now: By mid Oct: defend your strongest catchments: it has profit to spend where it competes with you.
- Paytm's bank, lender and insurer partners — a stronger buyer at the tableDo now: By mid Oct: expect firmer terms from it; lock volumes and prices.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Nomura initiates Paytm at Buy with ₹2,250 target as NPCI defers UPI MDR framework until after DiwaliReported: Watch:
- Reported: The proposal under consideration would push UPI merchant discount rates from 15 October to 1 January 2027, so retailers should keep checkout cost models ready for both dates until the deferral is confirmed.Reported: UPI MDR start may be deferred to 1 January 2027 from 15 October; PC Jeweller Q2 revenue up about 28%. A proposal under consideration would push UPI merchant discount rates, due from 15 October, to 1 January 2027, which keeps payments names like Paytm, Pine Labs and Mobikwik in focus.Watch:
Background
From 6 stories, the newest dated 8 Oct 2026. Summary written 11 Oct 2026. Newer developments are under Latest moves.
Paytm is an Indian digital payments company whose services include UPI, QR, Soundbox, card machine and Payment Gateway. [1] source: Financial Express
Show 3 more paragraphs and 6 sources
Its related brands include Paytm Gold, Paytm Money and Paytm Payments Bank. [1] source: Financial Express
In October 2026 Paytm partnered with Visa to offer cardholders 50% off up to ₹50 on Metro ticket bookings, with no minimum transaction value. [2] source: MediaBrief From 1 October 2026, recharge and bill payment discounts of up to ₹100 apply on payments of ₹299 or more, valid until 31 December 2026. [2] source: MediaBrief RBI removed Paytm Payments Bank from the Second Schedule of the RBI Act in its 7 October statement, after cancelling its licence from 24 April. [1] source: Financial Express Paytm says its UPI, QR, Soundbox, card machine and Payment Gateway services are unaffected. [1] source: Financial Express The UPI MDR of 0.4% on transactions above Rs 2,000 is scheduled for 15 October 2026, and requests to defer it to January 2027 have reached NPCI. [3] source: Moneycontrol Paytm's parent shares fell 5.29% in morning trade on 8 October 2026. [3] source: Moneycontrol Goldman Sachs raised its Paytm target price to Rs 2,070 from Rs 1,500 and kept a Buy rating. [4] source: NDTV Profit
Paytm faces a potential hit of around ₹200 crore annually to revenue if PIDF incentives are not continued, and its shares fell nearly 10% on 23 January 2026. [5] source: Outlook Business Vijay Shekhar Sharma is Paytm's founder. [6] source: NDTV Profit
Sources
Questions about Paytm
What is Paytm's current strategy in India?
In October 2026 Paytm partnered with Visa on Metro ticket, recharge and bill payment discounts for cardholders. [2] source: MediaBrief In October 2026 it said its UPI, QR, Soundbox, card machine and Payment Gateway services were unaffected after RBI removed Paytm Payments Bank from the scheduled banks list. [1] source: Financial Express
More stories about Paytm
- Macquarie upgrades Paytm to Outperform, raises price target 64%
- Potential UPI MDR charges could open a new revenue stream for Paytm and Pine Labs
- Paytm says Sharma will not benefit from proposed 4.98% Resilient stake sale
- Paytm-linked Dutch entity sells nearly 3% stake for ₹2,949 crore; Sharma’s direct holding unchanged
- Sebi issues Paytm CEO, CFO notices over timing of 2023 small-loan disclosure
Stories that mention Paytm
8 stories
Paytm is named in these stories but is not their subject.
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- NPCI reportedly plans UPI AutoPay mandate portability across payment apps
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