One97 Communications gains on launching ‘Paytm Solar Soundbox’ for merchants
One97 Communications is currently trading at Rs. 763.05, up by 7.70 points or 1.02% from its previous closing of Rs. 755.35 on the BSE.
The scrip opened at Rs. 758.95 and has touched a high and low of Rs. 779.85 and Rs. 754.95 respectively. So far 222100 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1063.00 on 17-Dec-2024 and a 52 week low of Rs. 310.00 on 09-May-2024.
Last one week high and low of the scrip stood at Rs. 769.95 and Rs. 705.25 respectively. The current market cap of the company is Rs. 48545.62 crore.
The Institutions and Non-Institutions held 67.91% and 32.09% stake in the company respectively.
One97 Communications (Paytm) has launched its ‘Paytm Solar Soundbox’ for merchants, a first-of-its-kind in India. This innovative device requires minimal sunlight for a quick charge that provides full-day power, enabling uninterrupted payments and reliable, consistent service for India’s small shop owners and merchants. The Made in India Paytm Solar Soundbox is an environmentally friendly solution that uses a low-cost alternative energy source, ensuring that merchants in rural and remote areas as well as places experiencing electricity shortage can be a part of the digital ecosystem. With this, Paytm continues to support merchants, promote financial inclusion, and drive sustainable practices across the country.
This affordable device is equipped with a solar panel on top, allowing it to auto-charge under sunlight. It features two batteries - one that charges with solar energy and another that charges with electricity. Even if completely discharged, the solar battery can provide a full day of power after just 2-3 hours of sun exposure, while the electricity-powered battery can last up to 10 days without recharging. This minimizes the need for frequent charging and supports green energy. It features the Paytm QR code that customers can scan to make UPI and Rupay Credit Card payments via UPI.
One97 Communications is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, the company builds technologies that help small businesses with payments and commerce.
