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Paytm shares are again on rise.

Paytm shares are again on rise.



After a disastrous dip in the share market, Paytm shares are gaining some momentum.


Paytm is an Indian fintech company that provides services in online money transfer, mutual funds, bill payments, etc. After a strict announcement from RBI (Indian Central Bank), Paytm shares dropped drastically but now it's rising again gradually.


The increase in the shares of Paytm may have several reasons but in my opinion below are some - 


1)Partnership with Axis Bank - After the ban on Paytm payments bank all the merchants worried about their QR codes Paytm but now they can use the same as before because Paytm joined hands with Axis Bank for all of its merchant account settlements.


2)Clean chit from ED - ED is a department of the Indian government that looks into all financial activities and recently they didn't find any issue with Paytm accounts which also gave a boost in the shares of Paytm.


Paytm is a big company, and it covers around 33% of the market of India for online payments so it's obvious that the Indian government will try to keep it running as many people get jobs directly or indirectly from Paytm.


Reasons why RBI banned Paytm.

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