Paytm

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Founder and CEO Vijay Shekhar Sharma said Paytm is prioritising app experience and retention over pushing individual financial products.

Paytm said it will invest 1 billion rupees (US$10.4 million) in Paytm Money, its wholly owned stockbroking subsidiary.

Mutual funds increased their stake to 17.9% from 16.6%, while insurance companies raised theirs to 5.3% from 5.1%.

Flip will handle local execution, while Paytm will provide its Soundbox technology and experience serving millions of merchants in India.

The company said it has already added more than 800 employees and is recruiting across product, technology, AI, and senior leadership roles.

Paytm Europe, incorporated in January 2026, has not yet started operations.

Quarterly net profit reached 1.8 billion rupees (US$19.3 million), compared with a 5.5 billion rupees (US$57.4 million) loss a year earlier.

Paytm Payments Bank faced curbs since 2022 for breaches in customer due diligence and technology.