New Delhi: Paytm, an Indian digital payments company, announced a 76% increase in second-quarter revenue due to a sharp increase in loan growth.
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One 97 Communications Ltd., the parent company of Paytm, reported that sales increased in the quarter ending in September from 10.86 billion Indian rupees to 19.14 billion rupees ($233.81 million).
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According to the company’s exchange statement, the combined net loss increased to 5.71 billion Indian rupees from 4.73 billion rupees a year earlier.
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