As paying with phones becomes more commonplace, the company is watching its revenue rise. Indian mobile payments company Paytm recorded a year-over-year growth in revenue of 39 percent during the second quarter of 2023, which came to a close on June 30. The company credited increases in gross merchandise value (GMV) for the revenue increase. The mobile payment system and financial technology firm stated that its increase in revenue was attributed to the rising GMV, merchant subscription revenues, and loans the platform distributes. This was announced in the company’s earnings…
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