Paytm loss widens and revenue shrinks following regulatory clampdown | TechCrunch
Briefly

The Noida-headquartered firm's loss more than doubled to $100 million in the quarter ending June, with revenue shrinking to $179.5 million, following RBI's restrictions on Paytm Payments Bank.
Paytm's decline attributed to order from RBI to curtail operations at Paytm Payments Bank, impacting transactions processed by the affiliate financial services unit.
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