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Paytm to focus on core business, profitability, to extend leadership into AI tech: CEO Vijay Shekhar Sharma | Mint

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Paytm to focus on core business, profitability, to extend leadership into AI tech: CEO Vijay Shekhar Sharma | Mint

Paytm's CEO, Vijay Shekhar Sharma, announced that the company will prioritize its core payments business and focus on cross-selling financial services to achieve profitability in the near future. The company plans to adhere to regulatory compliance and obtain a payment aggregator license from the Reserve Bank of India (RBI). Paytm aims to shift its focus from EBITDA to PAT (Profit After Tax) profitability. Sharma also highlighted the company's commitment to being a "compliance-first" organization and the transformative potential of artificial intelligence (AI) in the industry. Paytm's AI systems are active in Japan, aiding in risk management and fraud detection.

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