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Paytm Puts Its Wallet Biz On Sale, Jio Financial, HDFC Frontrunners

OutlookIndia

OutlookIndia · 1y

Paytm Puts Its Wallet Biz On Sale, Jio Financial, HDFC Frontrunners

Paytm is reportedly in talks with potential investors to sell its wallets business. HDFC Bank and Jio Financial Services are said to be the frontrunners in acquiring this segment of the company. The Reserve Bank of India recently stopped Paytm Payments Bank from onboarding new customers and carrying out certain activities, prompting these sale discussions. Paytm's shares have seen a significant decline, while Jio Financial's shares have surged.

14

Comments

Ajit Patil

Nah it just A rumor paytm Clarify it that the are not selling to anyone

Reply

1

1 year ago

Mridul Das

Mridul DasIntrovert!....

So the Paytm story ends like this?

Reply

1

1 year ago

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