Paytm loss widens and revenue shrinks following regulatory clampdown

Paytm’s loss widened even as revenue declined by 36% year-on-year as the once-poster star of Indian startup ecosystem continues to grapple with the Reserve Bank of India’s clampdown that significantly curtailed its payments bank business unit.  The Noida-headquartered firm’s loss more than doubled to $100 million in the quarter ending June, it disclosed Friday. The […]

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