Paytm Payments Bank surpasses 92.6 crore UPI transactions per month Paytm payments bank receives over 926 million monthly transactions

Paytm Payments Bank surpasses 92.6 crore UPI transactions per month Paytm payments bank receives over 926 million monthly transactions

Paytm Payments Bank Ltd. (Paytm Payments Bank ltd. – PPBL) This indigenous bank has become the first beneficiary bank in the country to reach more than 926 million UPI transactions in a single month.

Paytm UPI transaction

Mumbai : Paytm Payments Bank Ltd. (Paytm Payments Bank ltd. – PPBL) This indigenous bank has become the first beneficiary bank in the country to reach more than 926 million UPI transactions in a single month. This success has further strengthened the bank’s position as the fastest growing UPI beneficiary bank in India. An account holder’s bank is a beneficiary bank. This underscores the fact that customers prefer to deposit the transaction amount into Paytm Payments Bank account and use it for daily payments or savings.

PPBL recorded a total of 2,507 million beneficiary transactions in the Oct-Dec ’21 quarter, compared to 964.95 million beneficiary transactions in Oct-December 20. The largest UPI Beneficiary Bank has maintained its position throughout the year (excluding May) and its transactions are increasing month by month as compared to the previous month.

67 percent increase in transactions compared to 2020

Paytm Payments Bank has also grown rapidly as a remittance bank for UPI payments. The bank had recorded 455.74 million remittance transactions in the Oct-Dec-21 quarter. This is an increase of 67.26 per cent over the same period in 2020.

Paytm has well-equipped infrastructure

Satish Gupta, MD & CEO, Paytm Payments Bank Ltd., said: It is a testament to our team’s commitment to providing customers with a state-of-the-art infrastructure and a high quality digital banking experience. We will continue to use our experience and the power of technology to provide our customers with the fastest UPI Money Transfer service and the facility to use Paytm Wallet and Bank Account for daily payments. ”

Paytm Transit Card for Paytm customers

Paytm Payments Bank has also recently introduced Paytm Transit Card. This NCMC allows Indians to do all their travel related transactions in a single card. With the availability of this card, users will no longer have to carry different cards for different purposes and it will suffice to use only Paytm Transit card for all your payments.

Most fastags issued by Paytm

Paytm Payments Bank is India’s leading issuer of fastags and one of the largest toll plaza acquirers in the country. PPBL Fastag is the most popular toll payment system in the country as it allows users to pay directly from their Paytm wallet. They do not need to create a separate account to use or recharge Fastags.

Other news

One of the best smartphones for less than Rs 7000, a choice of 4 companies with Nokia

Realme 9i Launched in India with Triple Rear Camera, Snapdragon 680 SoC Processor, Price

Motorola’s new Tablet hits the market, Realme Pad, Samsung Tablet

(Paytm Payments Bank receives over 926 million monthly transactions)

.
News from Technology Marathi News,Technology Latest Marathi News,Technology News in Marathi TV9 marathi | TV9 Marathi
#Paytm #Payments #Bank #surpasses #crore #UPI #transactions #month #Paytm #payments #bank #receives #million #monthly #transactions