Paytm Claims to Reach 5 Billion Transaction in a Year
The digital payments giant Paytm has reportedly claimed to reach the milestone of run rate of 5 billion transactions per year, along with the value of $50 billion GTV (Gross Transaction Value) transactions being processed in the platform every year.
The company, in the last quarter, showed a growth of 500 percent in terms of peer-to-peer transactions. On the basis of UPI payments, the company states that it has processed more than 400 million transactions since January when it launched the product on its platform.
“A bulk of these transactions are originating in tier-two and three cities like Surat, Durgapur, Meerut and others with more than 25% of the users using Paytm in regional languages,” the company said in a statement.
The company also told about the increase in the customer ba...