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Paytm Records Over 600% Growth in UPI Transactions in 6 Months

With this, Paytm has over 80 per cent share of all offline merchant transactions being conducted on UPI

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Security, Paytm
Paytm rolls out women exclusive 'Social Community Platform'.

Alibaba and SoftBank-backed Paytm on Friday said it witnessed 600 per cent growth in the Unified Payments Interface (UPI) transactions in the last six months.

One97 Communications Limited, that owns the brand Paytm in India, said the platform registered over 179 million UPI transactions in October.

“It is encouraging to see the widespread adoption of Paytm BHIM UPI for various services such as mobile recharges, electricity and water bills, metro commute and also at the offline stores,” said Deepak Abbot, Senior Vice President, Paytm.

paytm wallet
Paytm, Wikimedia

In September, Paytm had registered over 137 million UPI transactions, becoming the leading contributor to Unified Payments Interface (UPI) payments with over 33 per cent of the overall market share.

The company said that 50 per cent of all utility payments are being made using Paytm UPI.

Also Read- Apple CEO Tim Cook is a Big Believer in India

Over 6 million offline merchants out of its 9.5 million offline merchant-base accept Paytm UPI for various purchases.

With this, Paytm has over 80 per cent share of all offline merchant transactions being conducted on UPI. (IANS)

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Paytm Introduces ‘Social Community Platform’ Exclusively For Women

This feature is available inside "Paytm Inbox" in accord with the platform's newly launched content-based services that include news, live TV, cricket, entertainment and games

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Security, Paytm
Paytm rolls out women exclusive 'Social Community Platform'.

Paytm domestic parent company One97 Communications on Thursday introduced a “Social Community Platform” exclusively for women as an interactive social feed, in partnership with an online womens community — “Sheroes”.

This is an interactive social feed where women can engage on topics including health, careers, relationships, cooking and hobbies while sharing their life stories, achievements and moments with fellow women, the company said in a statement.

Paytm aims at empowering women with informative content on personal development, career guidance, health, lifestyle and inspirational stories specially curated by “Sheroes”.

Paytm
Paytm, Wikimedia

“This is an important initiative towards women’s empowerment as it provides specially curated content and various communities that they can participate in as per their interests,” said Deepak Abbot, Senior Vice President, Paytm.

Also Read- Xiaomi Becomes The Top Smartphone Brand in The Indian Market

This feature is available inside “Paytm Inbox” in accord with the platform’s newly launched content-based services that include news, live TV, cricket, entertainment and games. (IANS)