India’s Paytm is reportedly seeing a string of profitable quarters following some high-profile regulatory issues. Increasing sales and reduced costs have helped the FinTech rebound from those troubles, Bloomberg News reported Thursday (Jan. 29), citing a regulatory filing. The company reported consolidated net income of 2.25 billion rupees (about $24.5 million) in its most recent quarter, exceeding analysts’ expectations. Among them is PhonePe, a Walmart-backed company that is India’s largest digital payments firm. Research by PYMNTS Intelligence has spotlighted the popularity of digital payments in India, with digital wallets serving as the preferred payment method for 55% of retail purchases.