Paytm Logs Over 70 Crore Transactions

New Delhi: Digital payments platform Paytm on Wednesday said it had registered over 70 crore transactions in June 2019, more than the total transactions done by all UPI-based payment applications, including Amazon Pay, Google Pay, Whatsapp Pay and Phonepe.

It has attributed the highest number of transactions to the flexibility that it offers to its large customer base in selecting their preferred payment methods such as wallet, UPI, cards and net-banking, compared to other players who are focussed on cash-back on peer-to-peer (P2P) transactions for growth.

Paytm has already announced its plans to move away from incentivising P2P transactions and commit the same money towards achieving growth in offline merchant payments. With a market share of 80 per cent, it targets reaching more than 2.5 crore merchants in financial year 2019-2020. (IANS)

Also Read: Not Charging Extra for Digital Transactions: Paytm