One97 Communications’ wholly-owned subsidiary -- Paytm Payments Bank has become first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in December. In the October-December 2021 quarter, the bank registered a total of 2,507.47 million beneficiary transactions, compared with 964.95 million beneficiary transactions in the same quarter in 2020.
This is a year-on-year increase of 159.85 per cent. It has remained the largest UPI beneficiary bank throughout the year (except in May 2021), and continues to grow month-on-month.
One97 Communications (Paytm) is India's leading digital ecosystem for consumers as well as merchants.
