One 97 Communications Limited, which operates Paytm, is among the acquiring-side fintechs that would share the proposed 0.3% merchant discount rate on person-to-merchant UPI transactions of Rs 2,000 and above. The Indian government, after amending the Payment and Settlement Systems Act in August to remove zero-MDR protection, plans to split the fee among issuing banks, payment service providers and their banks on both sides, and NPCI, allowing banks and fintech apps including Paytm to earn revenue on core UPI payments for the first time since 2020.

One 97 Communications Limited founder and chief executive Vijay Shekhar Sharma said Paytm will step up investments across artificial intelligence, financial services and its merchant ecosystem after the fintech turned profitable for a full year. Sharma said in his letter to shareholders that the business is now sustainably profitable, calling it a defining year following two years dominated by regulatory disruption and a sharp focus on costs.

One 97 Communications Limited has proposed revising Managing Director and CEO Vijay Shekhar Sharma's remuneration after an independent benchmarking exercise in June 2026 found his pay materially below peers. The board and Nomination and Remuneration Committee recommended adding a performance-linked variable component tied to FY27 target PAT growth, with no fresh stock options, for the period April 1, 2026 to December 18, 2027, subject to shareholder approval. Sharma, who voluntarily forgone 2.10 crore ESOPs and holds no ESOPs, took Rs 4.33 crore in FY26 versus Rs 4.5 crore in FY25 and has seen no base increase in four years despite requesting no change in July 2025.

Helios Flexi Cap Fund increased its holding in One 97 Communications Limited (Paytm) in July, adding 2.02 lakh shares to hold 18.49 lakh shares, according to the fund's monthly portfolio disclosure.

One 97 Communications Limited, which operates Paytm, saw Ant Group's stake sale managed solely by Goldman Sachs Group, which was also adviser on five of ten major government share sales since December.