The news article discusses how Paytm, India's leading mobile payments firm, reported a surge in Revenue in the quarter ending March and pared its loss by 57%. Paytm's revenue in the financial year ending March 2023 stood at $977.9 million, up from $644.4 million from a year ago. The firm attributed surge in its revenue to growth in monetization on payments and broadening of its loan distribution business.

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