Paytm may increase revenue, monetisation methods in upcoming quarters

The digital payments behemoth Paytm may increase revenue and monetisation methods on its platforms in the upcoming quarters. Paytm chairman and CEO Vijay Shekhar Sharma said during an earnings call that due to the COVID 19 impact, the company is seeing scale in system deployment and non-UPI revenue, where merchant pays revenue charges, merchants discount rate MDR for payments and credit led financial service, and provides the company with the next level of monetisation.

We believe that we will be able to increase contribution margins in the next few quarters and not just expand revenue but increase more number of monetisation methods in the future. Our team, myself and everyone are super energised seeing the opportunity in front of us and we are committed to executing and delivering great results forward quarters, according to Sharma.

Paytm CFO and President Madhur Deora stated that the company aims to bring half a billion Indians into the mainstream economy through technology-led financial services.

There are some recently announced bank partnerships for point of sales PoS There is an announcement with HDFC Bank and there are also partnerships with other banks. He said this is giving us very strong momentum in the large retail market, the large retail market in the offline market. Paytm executives also highlighted that they are seeing recovery of high-margin commerce business, growth of cloud business, and an increase in financial services revenue due to rise in lending activities.

The digital payments behemoth has claimed large merchants of competitors are switching to its platform and it will now see a big opportunity to capture the mid-level market and startup community with its payment products. Platforms like Domino's, Myntra and Oyo have partnered with Paytm Token Gateway to carry out transactions without saving actual details of debit and credit cards.

One 97 Communications, Paytm's parent company, reported a loss of Rs 481.70 crore in Q 2 FY 21 and an increase in total income by 19.62 per cent to Rs 1,134. In the same time, the country had 50 crore.

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