HomeNewsBusinessPaytm Payment Gateway records 750 million monthly transactions, crosses pre-COVID mark: Report

Paytm Payment Gateway records 750 million monthly transactions, crosses pre-COVID mark: Report

Adoption of payments instruments by Paytm Payments Bank including Paytm Wallet drove around 60 percent of the platform’s total registered transactions

March 22, 2021 / 10:29 IST
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The coronavirus pandemic has pushed digital transactions and online payments
The coronavirus pandemic has pushed digital transactions and online payments

Paytm Payments Gateway processed 750 million monthly transactions, higher than pre-COVID levels. This comes as the coronavirus pandemic has pushed digital transactions and online payments, Mint reported.

The payments gateway business processes transactions conducted from Paytm Gift Vouchers, Paytm PostPaid, and Paytm Wallet, and payments are done via debit and credit card, net banking, and unified payments interface (UPI), it added.

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According to the company, the adoption of payment instruments by Paytm Payments Bank including Paytm Wallet drove around 60 percent of the platform’s total registered transactions.