One 97 Communications Limited (Paytm) has issued a clarification regarding the Payment Infrastructure Development Fund (PIDF) Scheme, following inquiries from NSE and BSE concerning a news item about its share price. The company confirmed it recognized an incentive under the PIDF Scheme in accordance with RBI guidelines for qualifying expenditure incurred towards the deployment of payment acceptance devices. This incentive was specifically targeted towards the deployment of various Payment Devices, including Soundboxes and EDC Machines, in Tier-3 to Tier-6 centers and other designated regions across India, valid until December 31, 2025. The incentive amount recognized for the six months ended September 30, 2025, was ₹128 Crore. Paytm stated that there has been no announcement from the RBI or other authorities regarding the extension or replacement of the current PIDF Scheme. In the event the scheme is not extended or replaced, the company expects to significantly offset the impact over time through a combination of higher revenues and more targeted sales efforts. Paytm assured that it will make appropriate disclosures to the Stock Exchanges as and when required and will host this disclosure on its website.
