Paytm Payments Bank on Tuesday said it has become the largest beneficiary bank on the Unified Payments Interface (UPI) platformm, with 469.84 million transactions in March, an increase of almost 21 per cent month-on-month. The country’s largest lender State Bank of India (SBI) is behind Paytm Payments Bank with 413.33 million transactions in March, followed by Yes Bank, ICICI Bank, Axis Bank, and HDFC Bank. Beneficiary banks are those in which the account holder is receiving money. When it comes to remitter banks, Paytm Payments Bank is fifth on the list, with 173.09 million transactions in March. SBI is leading the list with 775.55 million transactions, followed by HDFC Bank with 244.63 million transactions. Axis Bank and ICICI Bank are third and fourth on the list of remitter banks with the highest transactions.
Paytm Payments Bank becomes largest enabler of digital transactions
Mumbai, Apr 13 (UNI) Paytm Payments Bank Ltd (PPBL) on Tuesday said that it has become the top enabler of digital payments in the country by registering over 970 million digital transactions in the month of March 2021.
This achievement has been led by the growth in transactions on Paytm Wallet, Paytm FASTag, Paytm UPI, and internet banking over the last several quarters. PPBL which is rapidly gaining the trust of millions of Indians is now opening on an average 1 million savings and current accounts a month. With over 64 million accounts, the bank s total deposits have crossed over Rs 3200 crore.
Paytm Payments Bank clocks 970 m digital transactions in March
April 13, 2021
On average opening 1 million savings and current accounts a month
Paytm Payments Bank Ltd (PPBL), on Tuesday, announced that it has become the top enabler of digital payments in the country by registering over 970 million digital transactions in March.
This achievement has been led by the growth in transactions on Paytm Wallet, Paytm FASTag, Paytm UPI and internet banking over the last several quarters. PPBL, which is rapidly gaining the trust of millions of Indians, is now opening on an average 1 million savings and current accounts a month. With over 64 million accounts, the bank’s total deposits have crossed over ₹3,200 crore.
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