Paytm Payments Bank Ltd has done a digital transaction at a record level in March. In this, UPI was the best option. Apart from this, it was also used extensively for Fastag.
Paytm Payments Bank
Paytm is considered a well-known and reliable option for digital transactions. Although Paytm has been a big digital platform in the country from the beginning, but the new record created by the company in March has made it to the height of highs. In fact, Paytm Payments Bank Ltd has done more than 97 crore digital transactions in the month of March. This information was given by PPBL itself on Tuesday.
The company says that the transaction has been achieved through the transaction through Paytm Wallet, Paytm Fastag, Paytm UPI and Net Banking. Apart from this, Paytm Bank opens about 10 lakh savings and current accounts every month. In such a situation, with more than 6.4 crore accounts, the total deposit with the bank has crossed Rs 3200 crore. This PPBL continues to be the largest bank for UPI transactions.
Made a big way for UPI payment
PPBL claims that the company is the biggest medium for UPI transactions. Millions of beneficiaries have benefited from this. This is the reason why it has achieved the highest success rate in the industry. NPCI data has also found evidence that Paytm’s UPI Decline has been just 0.11% compared to other UPI remitter banks and the technical reason behind it is included.
Popular in Fastag too
It has gained immense popularity among the vehicle owners due to the ease and integration process of Paytm transactions. PPBL has so far been successful in registering cashless toll payments and more than 5.7 crore monthly transactions in about 270 plazas. Also, with the sale of more than 90 lakh FASTags and 4.2 lakh monthly transactions have been done through Paytm Payment Bank.
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