Technology

Paytm Operator Posts Quarterly Loss Amid Rising Expenses

Paytm Operator Posts Quarterly Loss Amid Rising Expenses

One97 Communications Ltd., the entity that operates leading digital payments service Paytm, said losses widened last quarter as the newly-listed company struggled to make money off transactions which slowed during the pandemic. The company reported a loss of 4.74 billion rupees ($63 million) in the quarter ended September from 4.36 billion rupees in the same period a year ago.

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