Paytm UPI Transaction Acquire 40% of Market Share
Despite February being the shortest of the month, UPI (Unified Payments Interface) has seen a massive rise in the use of service. Indeed, in India alone, 170 million transactions has been made across the multiple mobile payment platforms available. UPI allows individuals to perform instant money transfer across different banks through their mobile phones.
Paytm claims to be the highest contributor to the rising amount of UPI transaction in the country with over 6.8 Cr transactions in the month of February alone, the company announced in a note. As such, the Indian mobile wallet application claims the most shares of this new market with over 40% users utilizing this interface. “We have the largest share of UPI transactions within three months of launch,” said Deepak Abbot, senior vice-pr...