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Paytm downplays PIDF scheme end, cites execution strength
The Business Guardian
|January 24, 2026
Paytm on Friday said it expects any impact arising from the conclusion of the RBI's Payment Infrastructure Development Fund (PIDF) scheme to be meaningfully offset over time through higher revenues and more targeted sales execution.
In a clarification filed with stock exchanges, One 97 Communications Ltd said it currently recognises incentive income under the PIDF scheme, linked to qualifying expenditure on payment acceptance devices such as Soundboxes and EDC machines. Addressing the scenario in which the scheme is not extended beyond its validity, the company said it expects to offset the impact “through a combination of stronger revenue growth and more focused, targeted sales execution.” The clarification comes amid Paytm’s broader operational turnaround, with the company having demonstrated improving operating leverage and quarter-on-quarter profitability over recent periods. Market participants note that incentives such as PIDF were designed as time-bound measures to catalys
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