Paytm on Friday issued a clarification to stock exchanges to address recent market speculation, stating that any potential impact from the conclusion of the RBI’s Payment Infrastructure Development Fund (PIDF) scheme is expected to be significantly offset over time through higher revenues and more targeted sales efforts.
In a filing with the National Stock Exchange (NSE) and BSE, One 97 Communications Ltd said it has revenues recognised as incentives from the programme, linked to qualifying expenditure incurred towards the deployment of payment acceptance devices such as Soundboxes and EDC machines.
Addressing the scenario directly where the scheme is not extended, the company said it expects to “meaningfully offset the impact over time through a combination of stronger revenue growth and more focused, targeted sales execution”.
The PIDF incentive was aimed at accelerating digital payments infrastructure across Tier-3 to Tier-6 centres, as well as underserved regions including the .
