According to the Paytm blog, Paytm has been at the forefront of India’s digital revolutions with its technology-led innovations that have empowered users with a ‘Made in India’ payments platform. The platform has been revamped, ensuring that the previous technology platform is upgraded with new-age tech solutions that are locally built and supported in-house. With a world-class platform that can handle 10X of the current scale, we have set a gold standard for fintechs, aimed at handling fast-growing digital payments opportunities in the country. We have been investing heavily in India’s mission of building a trillion-dollar digital economy. 

Paytm’s Founder and CEO, Vijay Shekhar Sharma, said that the upgraded platform is a key milestone in the journey of Paytm payment platforms from pioneering new innovations in building solutions for India’s small and large merchants. The upgraded platform is expected to handle fast-growing digital payment opportunities in the country.

Paytm tweets that We are happy to announce the launch of our next-generation payments platform powered by 100% Made-in-India technology. This platform is a shining example for Atmanirbhar Bharat which supports the @Paytm business to easily scale 10x of today!

Ravi Karkara also tweets Huge Mega Congratulations @vijayshekhar

Launch of @Paytm

next-generation payments platform powered by 100% Made-in-India technology. This platform is a shining example for #AtmanirbharBharat

Paytm stated in a statement that during the company’s 22nd annual general meeting, shareholders voted 99.67% in favor of Vijay Shekhar Sharma’s reappointment as managing director and CEO. His reappointment as the MD & CEO was also approved by OCL’s Board of Directors in May 2022.

“We are thankful to our shareholders for their unwavering support and faith in our leadership. We remain committed to building a large, profitable company and creating long-term shareholder value while driving financial inclusion in the country,” quoted as saying in the company statement.

Sharma addressed the shareholders at the annual general meeting that although the parent company One97 has no control over the stock’s trading price but the management is working to turn the company profitable.

Vijay Shekhar Sharma informed shareholders that “Share price movement is not influenced by us. There are several factors. A company’s profitability plays a very important factor in it. Company’s growth plays an important role in it but these two are not the only factor for share price,”