Paytm loss widens to Rs 840 crore, revenue falls; fintech plans to cut staff cost by Rs 500 crore

Digital payments major Paytm on Friday reported a 35% fall in its operational revenue for the quarter ended June at Rs 1,501 crore, down from Rs 2,341 crore a year back.

Its net loss more than doubled to Rs 840 crore from around Rs 358 crore a year back.