Paytm, the country’s biggest digital obligations firm, managed 290-billion transactions in August through money transfers across all of its verticals, with 92 million customers utilizing the platform.
The company also said that it had been registering over 1 billion monthly obligations by users logging to the program for payments and cash transfers.
In the context of the Unified Payments Interface emerging as a significant digital platform throughout the nation, Abbot said UPI is simply one of multiple payment railroads for Paytm.
Offline transactions, also, have registered strong development on the platform, largely pushed by Paytm’s plan of installing QR codes at merchant outlets. The company said it’s onboarded 8.5 million offline retailers and receives more than 30,000 requests for integration from merchants every day.
“We also have witnessed enormous traction for’money transfers,’ where users send money to each other using their preferred payment modes. We are the most significant money-transfer platform and will continue to build more and more convenient payment options,” said Abbot.