Paytm Payments Bank hits 970M digital transactions in March

Paytm Payments Bank hits 970M digital transactions in March


Paytm Payments Bank hits 970M digital transactions in March
Noida-based fintech startup Paytm Payments Bank's banking service counts over 64 million bank accounts, with deposits crossing Rs 3,200 crore.
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Paytm Payments Bank on Tuesday said it
registered 970 million digital transactions in March 2021 with growth reported across its various services, including
UPI, Wallet, and internet banking, among others.
The Noida-based fintech's banking arm said it is opening an average o
f one million savings and current accounts per month.
Paytm's Wallet services saw a
growth of 15 percent in transactions month-on-month, the startup said, adding over 78 percent of its 325 million account holders use the service on a daily basis.

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