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Paytm among world fintechs to show highest gross profit growth while keeping expenses under control, says report
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India's QR and mobile payments pioneer Paytm is among some of the fintech companies worldwide to record the highest growth in gross profit while also keeping expenses in check, according to a report by Dutch payments consultancy Flagship Advisory Partners.
The report highlights that Paytm's gross profit saw an impressive growth of over 200% between 2021 and 2022, while its operating expenses only increased by 60%.
Paytm was among the few global companies to witness gross profit growth outpacing operating expense growth. This showcases Paytm's ability to scale its business rapidly while optimizing resources.
Read more on tech.hindustantimes.com
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