Paytm Payments Bank posts 926 mn monthly transactions

Paytm Payments Bank Ltd (PPBL) said it has become the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month.

‘In the Oct-Dec‘21 quarter, PPBL registered a total of 2,507.47 million beneficiary transactions, compared to 964.95 million beneficiary transactions in the same quarter in 2020. This is a year-on-year increase of 159.85 per cent,’ it said in a statement.

‘It has remained the largest UPI beneficiary bank throughout the year (except in May 2021), and continues to grow month-on-month,’ PPBL added.

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