[India] - Paytm to focus on core biz; deliver success quickly: CEO Sharma

INSUBCONTINENT EXCLUSIVE:
(CEO) Vijay Shekhar Sharma said on Thursday that the digital payments company will focus on its core business of payments and cross-selling
He also highlighted that the company will prioritise compliance and ensure that every regulation is followed in both letter and
opportunity to thoroughly examine our business processes, compliance, and the way we operate from the inside out
I can now confidently assure you that we have adopted a compliance-first approach, ensuring our business adheres to every regulation fully,
due course
The company recently secured foreign direct investment (FDI) approval from the Indian government. Sharma also highlighted that the team at
reach 100 million merchants across the country
Currently, it is servicing 40 million merchants
of Rs 839 crore, attributed to the continued impact of restrictions on Paytm Payments Bank Ltd
The loss for the Noida-based fintech company was due to a contraction in revenue from payments and financial services businesses
AMIST