Paytm to focus on core business; deliver profitability soon: CEO Sharma

Paytm will focus on its core business of payments and cross-selling financial services as it works to achieve “profitability soon”, said Vijay Shekhar Sharma, founder and chief executive officer of the fintech, on Thursday.

“The past six months have taught us many lessons, giving us the opportunity to thoroughly examine our business processes, compliance, and the way we operate from the inside out. I can now confidently assure you that we have adopted a compliance-first approach, ensuring our business adheres to every regulation fully, both in letter and spirit,” he said at Paytm’s annual general meeting.