Paytm Shares Jump to Six-Month High on Increased Monthly Users, More Payment Devices, Surge in Revenue

Paytm shares jumped to a six-month high, on the back of increased monthly users, additional payment devices and more disbursal of loans. On Friday, Paytm reported an 89 percent surge in quarterly revenue, which rose to Rs 1,680 crore, from Rs. 891 crore last year. Paytm, which competes with Google's payment app and Walmart's PhonePe in India's digital payments market,...