A ray of hope for Paytm Karo, Paytm shares recovers in Fourth Consecutive session
The market shares of One97 Communications, the company which owns Paytm brand shits the upper circuit for the fourth consecutive session.
The stock of the fintech company scaled up 5 per cent each to 
395.25 & 395.05 per piece of its upper circuit limit on the BSE and NSE correspondingly.
During the morning session, the 30-share BSE Sensex gained 27.95 points or 0.04 per cent to 73,085.35, while Nifty of the NSE slipped 15.75 points to 22,181.20.
After a several sharp falls, the stock of Paytm activated optimism in its display of successive upper circuits.
And the stock hits 5 per cent upper circuit for the fourth consecutive session as the worries simplified after the firm partnered with Axis Bank for an escrow account to carry on the merchant settlements seamlessly.
In the course of a new account in Axis Bank, the deal guarantees the minimum disruption for customers and allows Paytm to transition its merchant’s settlements to Axis Bank seamlessly. Through this, Paytm ensures the continuity of settlements for merchants.
Also, Paytm Payment Bank and One97 Communication are in discussion to estimate a second partner for nodal or escrow services with other banks.
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