One 97 Communications (Paytm) has announced a partnership with Axis Bank to provide POS solutions and EDC devices (card machines) to the Bank & its merchant network. Through this partnership, Paytm`s cutting-edge technology will reach a wider merchant base via Axis Bank, thereby enhancing the capabilities of both entities. For Axis Bank, this collaboration strengthens their merchant acquiring portfolio, enabling them to offer state-of-the-art payment solutions that enhance transaction efficiency and operational effectiveness even further. For Paytm, it extends their market presence and demonstrates their commitment to providing innovative technological solutions that meet the evolving needs of the merchant community.A notable feature of Paytm`s offering is the provision of multiple EMI options, which enhances consumer affordability and allows merchants to offer flexible payment plans to their customers. This capability not only increases customer satisfaction but also helps merchants to boost their sales and expand their businesses. Powered by Capital Market - Live News

Net Loss of One 97 Communications reported to Rs 838.90 crore in the quarter ended June 2024 as against net loss of Rs 357.00 crore during the previous quarter ended June 2023. Sales declined 35.87% to Rs 1501.60 crore in the quarter ended June 2024 as against Rs 2341.60 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1501.602341.60 -36 OPM %-52.84-13.27 - PBDT-660.20-194.90 -239 PBT-838.60-354.00 -137 NP-838.90-357.00 -135 Powered by Capital Market - Live News

FlixBus, a global leader in affordable and sustainable travel, which entered India earlier this year, has now announced a strategic partnership with Paytm. This collaboration aims to revolutionise intercity bus travel in India, making FlixBus tickets available directly through the Paytm app. The partnership simplifies access to intercity travel, enhancing convenience for Indian travellers and making road travel more accessible. Vikash Jalan, Chief Business Officer, Paytm said, �As a leading travel aggregator, we are committed to enhancing the overall travel experience in India. Our partnership with FlixBus marks a significant step forward in this mission, directly aligning with our core business objectives to drive growth in the travel sector. This collaboration aims to transform intercity bus travel, delivering exceptional value and an unparalleled travel experience to our customers, and contributing positively to the transportation landscape across the country.�Powered by Capital Market - Live News

One97 Communications will hold a meeting of the Board of Directors of the Company on 19 July 2024.Powered by Capital Market - Live News

One 97 Communications has allotted 2,81,394 equity shares under ESOS on 07 July 2024. Consequent to aforesaid allotment, the issued, subscribed and paid-up equity share capital of the Company stand increased from Rs 635,992,696 (consisting of 635,992,696 equity shares of face value of Re 1 each) to Rs 636,274,090 (consisting of 636,274,090 equity shares of face value of Re 1 each)Powered by Capital Market - Live News