Paytm's UPI Market Share Hits Four-Year Low Amid Regulatory Challenges
NPCI began disclosing UPI app transaction volume and value in April 2020, with this period representing Paytm's lowest market share.
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NPCI began disclosing UPI app transaction volume and value in April 2020, with this period representing Paytm's lowest market share.
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NPCI started sharing UPI apps transaction volume and value from April 2020 and this is Paytm's lowest market share. The mobile payment app hit by the regulator's action has also seen its transaction value market share drop to 6.7 percent.
Following regulatory actions, promoter Vijay Shekhar Sharma last month stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited, and the board of the bank has been reconstituted.
Paytm listed as One 97 Communications Ltd said on Tuesday Surinder Chawla, Managing Director and CEO of Paytm Payments Bank Limited (PPBL) has tendered his resignation on April 8, 2024. The firm said Chawla resigned on account of personal reasons and to explore better career prospects.