This along with 17% estimated CAGR in digital payments in value to USD 40tn during FY21-FY26E indicates a sustainable growth in the long run.
Technically, the Nifty 50 formed a bullish candle that resembles an Inside Bar pattern formation on the weekly charts and a bearish candle formation that resembles the Doji pattern on the daily charts on November 4.
In 2009, the company launched the first digital mobile payment platform, “Paytm App” to offer cashless payment services to customers and currently it is India’s largest, most versatile and trusted payment platform.
The management alluded that the governance structure and risk framework remain strong and have been strengthened over the years with strict supervision.