Indian fintech Paytm's Q3 adjusted loss narrows sequentially as payments business recovers
Gabriel Negreanu
India's Paytm reported a narrower sequential third-quarter adjusted loss on Monday as its digital payments business recovered from the winding down of its payments bank unit. The company posted a loss of 2.04 billion rupees ($23.6 million) before exceptional items and tax for the third quarter ended Dec. 31, compared to a 4.07-billion-rupee loss in the second quarter. On a net basis, Paytm's loss was narrower than the 2.2 billion rupees loss in the year-ago quarter. In the previous quarter, it
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