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Paytm Payments Bank affects 907 million transactions by 2021

Paytm Payments Bank on Tuesday announced it had received a $ 970 million trademark in March 2021. The company said the success was due to the growth of Paytm Wallet, Paytm FASTag, Paytm UPI, and internet banking over the past few months. accommodation.

Paytm Payments Bank has now opened about $ 1 million with monthly accounts. The company said its deposits exceeded 00 3200 crores and have more than 64 million accounts.

The NPCI data source said it had the lowest rate of technical decline by 0.11% among all UPI-sending banks and 0.04% in all UPI beneficiary banks. The company also said that with more than 9 million FASTags sold and 42 million monthly transactions, FASTag Paytm Payment Bank has become India’s most popular digital tax payment tool. It has now empowered free transfer payments to 270 malls and registered 57 million monthly acquisition transactions.

The company said Paytm Wallet has seen a steady growth of 15% on a monthly basis. Paytm Wallet has over 325 million wallet accounts. More than 78% of Payment Wallet account holders use it for daily payments. Finally, the company also claimed that almost 85% of Paytm Wallet transactions are merchant transactions on online platforms and in Kirana stores.

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