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One 97 Communications Ltd, the parent company of Paytm, a payments and financial services distribution company in India, has introduced the nation's first "Paytm NFC Card Soundbox."

One 97 Communications Limited (OCL), the parent firm of Paytm, has declared a strategic alliance with Axis Bank.

Paytm has appointed Rajeev Krishnamuralilal Agarwal as a non-executive independent director of the company, as announced on Monday.

Zomato declared that it is in talks to buy Paytm's movie and ticketing division.

The parent company of Paytm, One97 Communications, revealed on June 10 that it is implementing a restructuring plan that includes the layoff of an unspecified number of employees.

The parent company of One 97 Communications Ltd (OCL), which owns and runs the Paytm brand, has announced the resignation of Bhavesh Gupta, its president and chief operating officer. The fintech company notified stock exchanges of this development on Saturday.