India: Paytm exceeds 1b in transactions for 2nd straight month

India: Paytm exceeds 1b in transactions for 2nd straight month

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave

Digital payments and financial services firm Paytm has exceeded 1 billion in monthly transactions across its unified payments interface (UPI), wallet, cards and net-banking payment methods, for the second successive month in February, the company said.

Paytm, which witnessed 15% growth in month-on-month transactions, said that the scale in payments comes on the back of its financial services and offline products for merchants.

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