💨 Abstract

Paytm, a digital payments company in India, reported a sequential decrease in loss before exceptional items during Q3 2022. This improvement was attributed to the recovery of its digital payments business following the winding down of its payments bank unit. The company posted a loss of 2.08 billion rupees ($24.05 million) compared to 4.07 billion rupees in the previous quarter.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖