Paytm crosses 1.2 bn monthly transactions, maintains leadership position

Financial services firm sees 15% month-on-month growth in offline merchant payments

Financial services platform Paytm has said it has breached 1.2-billion monthly transactions, led by huge growth in its offline payment and financial services. 

The Paytm platform allows all payment methods, including wallets, Unified Payments Interface, cards, and netbanking. The company also said it was seeing 15 per cent month-on-month growth in offline merchant payments. 

“We have been promoting digital payment methods, giving multiple choices to consumers who have helped us in consolidating our leadership position. In fact, a large percentage of our users, who started their digital journey with Paytm, has now adopted and embraced our financial services,” said Narendra Yadav, vice-president,