In fact, Paytm is rapidly gaining traction as a remitter bank and has registered 164.47 million transactions in the same month.
Paytm continues to function as the largest UPI-powered bank ahead of all other banks in India. According to the latest report by NPCI, as a beneficiary bank, Paytm has registered 430.04 million transactions in April 2021. In fact, Paytm is rapidly gaining traction as a remitter bank and has registered 164.47 million transactions in the same month.
Paytm has further improved on the technical decline rate at 0.01% as compared to March when it clocked a technical decline rate of 0.03 % as compared to all other UPI-powered beneficiary banks, and 0.05%, when compared with UPI, backed remitter banks.
PPBL also registered over 975 million digital transactions in March 2021. Making it the top enabler of digital payments in India. This achievement was led by the growth in transactions on Paytm FASTag, Paytm Wallet, Paytm UPI, and other online banking services. It also handles 64 million bank accounts at present.
Source: Business World
