Paytm Payments Bank expands lead as largest beneficiary bank

Paytm Payments Bank expands lead as largest beneficiary bank for UPI payments
ANI |
Updated: Apr 21, 2021 10:57 IST
New Delhi [India], April 21 (ANI): Paytm Payments Bank Ltd (PPBL) registered 46.9 crore Unified Payments Interface (UPI) transactions in March, marking a month-on-month increase of 20.7 per cent to emerge as the largest beneficiary ahead of all major banks in the country.
Beneficiary banks are those of account holders receiving money. According to the latest report by the National Payments Corporation of India (NPCI), PPBL is also rapidly gaining traction as a remitter bank with over 15.9 per cent month-on-month growth and registering 17.3 crore transactions in March with the highest success rate.

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