The company’s shares have delivered an impressive return of around 125 per cent to its shareholders in the past 1 year only.

Shares experienced a significant increase in buying interest, climbing more than 9 per cent amidst a generally weak market

Our country is still the fastest-growing major economy in the world, and there is a world of opportunities available for fintechs to continue their growth and scale even faster, affirms Vishwas Patel, Joint Managing Director, Infibeam Avenues Ltd.

On Thursday, shares of the company surged by more than 2 per cent and made an intraday high of Rs 15.16.

Go Payments subsidiary turns EBITDA breakeven; company increases stake further. It has received in-principle approval to operate as Payment Aggregator and perpetual Bill Payments license from RBI.  

The company processed transactions worth INR 2.8 trillion (US$ 37 billion) in FY22 for its 7 million-plus clients across digital payments and enterprise software platforms.  

The Company’s superior performance can be attributed to growing digital transactions that have led to record growth in TPV (from Payments and GeM), further complemented by an increase in gross take rate (GTR) and net take rate (NTR).

What’s striking is the fact that nearly 50 per cent of the total volume traded for the day seen in the last 75-minutes of trade.

The company has shown stellar growth on account of surging payment transactional volume due to the return of high demand and increased economic activities.