One 97 Communications Limited has informed the Exchange regarding a press release dated April 02, 2025, titled "Paytm Partners with Greater Hyderabad Municipal Corporation to Deploy 400 Card Machines for Property Tax Collection".
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Paytm has partnered with the Greater Hyderabad Municipal Corporation (GHMC) to deploy over 400 All-In-One EDC card machines for property tax collection. These devices, integrated with the GHMC app, will let citizens pay property tax via credit cards, debit cards, and QR codes at collection centers and through door-to-door service. GHMC currently collects ₹5-7 crore per month in property tax, rising to ₹22 crore during mid-year and fiscal year-end peaks. The move aims to cut delays from cash, cheque, and demand draft processing and improve transparency.
This is a small operational win for Paytm's payment devices business, showcasing continued adoption of its EDC machines by government bodies. However, the revenue scale (likely low crores) is immaterial relative to Paytm's overall business, so limited direct impact on stock price or shareholder value is expected.