New Delhi : 600% growth in UPI transactions within the last six months, One97 Communications limited, that owns the brand Paytm, India’s largest digital payments company, announced that it continues to be the biggest contributor to UPI Payments in india, whereas being the leader in P2P and merchant let UPI transactions similarly. The platform has registered over 179 Million UPI transactions within the month of October’18, and has the very best concentration of nation-wide UPI users on its platform.
Paytm has the comprehensive list of payment use-cases on its platform. This has enabled customers to create payments using their preferred payment method including UPI, cards and Paytm wallet. BHIM UPI is fast becoming the preferred mode of payment among users. a massive majority of all payments on Paytm are made using Paytm BHIM UPI with mobile recharge & payments, electricity & water bills and DTH recharges, among alternative payment use-cases witnessing adoption rate as high as 50 percent.