App Development

Paytm Monthly Transacting Users Grew 49 Percent YoY, Q1 Net Loss Widens to Rs 644.4 Crore

Paytm Monthly Transacting Users Grew 49 Percent YoY, Q1 Net Loss Widens to Rs 644.4 Crore

Paytm announced on Friday that its consolidated loss had widened to Rs. 644.4 crore in the quarter ended June 30. The firm One97 Communications, which operates under the Paytm brand, said that it had recorded a net loss of Rs. 380.2 crore a year ago. Meanwhile, the company said that its monthly transacting users grew by 49 percent on a year-on-year basis to 7.48 cror…

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