Paytm claims top spot in digital payments with 1.2 billion monthly transactions

Paytm officially stated that it has achieved over 1.2 billion monthly transactions led by the massive growth in financial services and offline payments.

With this feat, Paytm, which has over 150 million monthly active users, has consolidated its leadership position as the largest digital enabler promoting all the methods of payment including wallet, cards, UPI and net-banking. The platform goes on to lead with the highest market share in terms of offline merchant payments with 15% month-on-month growth.

“We are humbled by the trust India has shown in us and made Paytm their preferred digital payments and financial service provider”, said Narendra Yadav, Vice President of Paytm in a statement. “We have consistently maintained industry-leading market share and growing at an impressive rate”, he added.