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The Times of India
The Times of India
Business
Bloomberg

Paytm posts narrower loss as payments business grows

Paytm Vijay Shekhar Sharma fintech India

Paytm trimmed losses in the latest quarter after the Indian fintech company cut some costs and scaled up services to small merchants.

Net loss shrank to 2.2 billion rupees ($26.5 million) for the three months through December, the firm officially called One 97 Communications Ltd. said Friday in a statement. Analysts estimated a loss of 2.55 billion rupees. Sales rose 38% to 28.5 billion rupees.

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