Paytm claims top spot in India’s mobile payments market with 1.2B monthly transactions


Paytm processed 1.2bn transactions in the month of February, illustrating the level of penetration it has made in one of the world’s fastest-growing payments markets where it competes with Google, Facebook, Amazon & Flipkart-backed PhonePe.


Paytm said its users made 1.2bn transactions last month across several payments modes including wallets, plastic cards, internet banking, and UPI. This is the largest volume of transactions reported by any payments firm in India and Paytm claimed that it has consolidated its leadership position.

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