"We are grateful to [SoftBank CEO] Masayoshi-san and the PayPay team for giving us the opportunity to together create a mobile payment revolution in Japan. We remain fully committed and will continue to support PayPay's product and technology innovations in future. We are working on introducing new AI-powered features to accelerate PayPay's vision in Japan."
"The stake sale will boost Paytm's cash reserves to $1.46 billion as it attempts to recover market share in India's fiercely competitive payments market."
"Shares in Paytm have nearly tripled since June after India's payments regulator allowed it to resume adding customers to its flagship UPI service. The company reported its first quarterly profit in September, though this was largely due to proceeds from asset sales rather than operational improvements."
"Saturday's deal marks the end of Paytm's relationship with SoftBank, which divested its remaining shares in June after being an early backer through its Vision Fund."
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