Paytm Expects Revenue Growth to Offset Impact of PIDF Incentive Withdrawal

Paytm’s parent company, One97 Communications Ltd, on Friday said it expects any impact arising from the discontinuation of the Reserve Bank of India’s Payments Infrastructure Development Fund (PIDF) scheme to be offset over time through higher revenue growth and a more targeted sales strategy.

In a clarification submitted to the stock exchanges, the company said it had received incentives under the PIDF scheme as revenue, linked to eligible expenses incurred on the deployment of payment acceptance devices such as Soundbox and electronic data capture (EDC) machines.

The company added that a sustained focus on expanding merchant services and optimising sales efforts would help mitigate the impact of the scheme’s withdrawal.

Paytm reiterated its commitment to strengthening its payments ecosystem while driving long-term revenue growth.