NPCI registers 2.29 billion UPI transaction in Feb 2021, Paytm turns into prime fee app with 1.2 billion month-to-month transactions

NPCI registers 2.29 billion UPI transaction in Feb 2021, Paytm turns into prime fee app with 1.2 billion month-to-month transactions

Within the month of February 2021, Nationwide Funds Company of India (NPCI) recorded the overall Unified Funds Interface (UPI) transactions in India at 2.29 billion as in comparison with 2.30 billion in January. The entire worth of transactions on the UPI community stood at from Rs 4.25 trillion in February. In January, the overall transactions stood at Rs 4.31 trillion. Of that, Paytm achieved over 1.2 billion month-to-month transactions. Paytm has the best market share in offline service provider funds with 15 p.c month-on-month progress. The UPI market is shared by the likes of PhonePe, Google Pay, and the others.

Paytm at the moment has over 150 million month-to-month energetic customers.

 NPCI registers 2.29 billion UPI transaction in Feb 2021, Paytm becomes top payment app with 1.2 billion monthly transactions

An commercial of Paytm at a highway aspect stall. Picture: Reuters

Paytm claims greater than 50 p.c of service provider companions maintain a Paytm Funds Checking account to profit from the new-age digital banking providers. Paytm Postpaid gives micro-credit and has already achieved over 7 million customers inside 6 months of launch.

Paytm gives providers like Paytm Funds Financial institution, Paytm Insurance coverage, Paytm Credit score Playing cards, Paytm Postpaid, and different lending merchandise to assist retailers, self-employ people, in addition to residents.

NPCI has not but launched the transactions break-up figures for February.


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