Paytm emerges as largest UPI transaction platform within three months of launch
-
Largest contributor with 68 Mn UPI transactions in 28 days of Feb ‘18
- Leader in fuelling growth in UPI payments across India
-
Enabling over 6 Mn merchants to accept payments using UPI
-
Market leader in mobile payments, now leads overall money transfers
in the country
The company has registered 68 Mn UPI transactions in Feb 2018. It has consistently contributed a larger share of UPI transactions with every passing month. In Dec’17, Paytm contributed 33 million to the overall transaction volume for UPI, which rose to 51 million in Jan’18 and 68 million in Feb’ 18. This rapid growth is on the back of its vast user-base, wide acceptability and the network effect of multiple use-cases. Paytm UPI IDs are also accepted across all banks and BHIM UPI apps, making Paytm one of the most comprehensive payments system in the country.
Paytm is at the forefront of mobile payments innovation in
Paytm customers
can pay at merchant outlets using their preferred payment methods such as
Paytm, UPI, Cards and Net-Banking. This is a part of the company's efforts to
democratize mobile payments for both merchants and consumers by offering them
more choices and convenience.
The company has also been consistently investing
in expanding its payments network and aims to bring every small and large
merchant access to the power of convenient mobile payments.
No comments