Paytm is intensifying his attention to innovation, with artificial intelligence at the center of his efforts to transform the future of digital payments, said the founder and CEO Vijay Shekhar Sharma, reaffirming the company’s commitment to become Ai-First.”Faquenial to our DNA of innovation and pioneer, we are proud that our complete payment solution of the stacks of the Ai Continuous to redefine the way millions of merchants accept payments, manage their business and serve their customers. We remain committed to being Ai-First, in every product we offer and every process that feeds us,” he said in his annual letter to shareholders.
He also underlined it PaytmAttention to basic payment operations and continuous strengthening of its company fundamentals have put the company on a path to sustainable growth and profitability.Being one of the first and most aggressive adopting of AI in the Fintech space in India, Paytm has incorporated this disruptive technology in every path of product and service, including merchant onboarding, transactions monitoring, while guaranteeing the joy of customers.
By reaffirming his commitment for an A-First approach, Sharma said: “We are proud that our complete payment solution of stacks to the continuous stacks to redefine the way millions of traders accept payments, manage their business and serve their customers”.
In the first quarter of the current tax, Paytm, the main distribution company of payments and financial services of India, obtained a significant milestone of profitability, reporting profits net of the tax (PAT) of RS 123 crores. Betting the analysts’ estimates, this marked the first positive quarter for the company.
The turnaround is the result of a strong strategic attention and a disciplined execution, with every business line that serves customers in a “differentiated” way and “contribute significantly to the background line,” said Sharma.
“Now, after crossing the milestone of profitability, I am proud of our team for their disciplined execution, profound conviction and relentless innovation. We took some difficult calls, pruned and sold companies and doubled at the center of payments, guaranteeing the preservation and growth of cash reserves. Its cash growth.
Sharma has also observed that Paytm has restored high success rates up through a profound integration with partner banks and technological excellence. He added that through continuous improvements in the functionality focused on the user, the company is now ready to expand aggressively and strengthen its presence on the market.
Paytm continues to be the best UPI payments app with functionality such as Hide Payments, download of UPI declarations, balance control, sending and receiving a money widget and many others who are built to offer a safe and safe user experience.
Beyond payments, Paytm, Pioneer of Mobile Pagments, QR Codies and Soundbox, he is witnessing a strong traction in his financial services offers. The company’s merchant loan portfolio provided strong results for loan partners while promoting financial inclusion.
The largest of payments based in Noida has also launched new savings tools such as the SIP RS 21 with Mutual Fund SBI, formalizing savings habits for the Indians. The company now plans to expand in insurance and other wealth solutions built specifically for the basic entrepreneurs of India, said Sharma.
In line with its strategy to unlock monetization beyond payment transactions, Paytm is building services that help traders grow and retain customers. These solutions have observed Sharma, they are already showing promises in India and keep potential in the underground international markets.
In conclusion with a note of gratitude for shareholders, Sharma highlighted the company’s commitment to compliance, governance and national impact, “being a sample of payments from India, having built a strong stack of technology and financial services, is a matter of great pride for all of us. We are committed to deepening our role in the history of the growth of India and to expand this success in many more markets”, wrote.
Paytm’s annual report includes the company’s commitment towards the construction of a profitable activity with growth. His attention to compliance and integration with IA is destined to guide his future success and contribute significantly to the digital and financial ecosystem of India.
