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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.
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