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Paytm claims 50% market share

Paytm claims 50% market share

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  1 Jun 2019 10:28 AM GMT

New Delhi: Digital payments firm Paytm on Friday announced it has grabbed over 50 per cent market share in the payment gateway industry.

The company claimed it was ahead of the competition with largest volume and the largest merchant base and has processed over 400 million transactions each month for merchants which is five times higher than the next biggest player.

“We continue to witness impressive growth in transactions through the Paytm Payment Gateway across fast growing categories such as transportation, food delivery, gaming as well as travel,” Kiran Vasireddy, COO, Paytm, said in a statement. (IANS)

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