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Mobile payments and commerce platform Paytm on Monday said that it has recorded five million transactions a day and is on the way to process over Rs. 24,000 crores.
"Paytm hit a record 5 million transactions a day starting 10th of November and since that day, we have been consistently clocking over 5 million transactions a day," the company told ET.
Delhi, Bengaluru, Pune, Hyderabad and Mumbai have emerged as the top 5 cities that have recorded the highest number of transactions.
“I am very excited to announce that Indian consumers are now using Paytm in more scenarios than ever before. Owing to the overwhelming response from consumers and merchants alike, we have set bolder targets in merchant acquisition, and are aiming to target 5 million merchants by the end of the financial year," Kiran Vasireddy , senior vice president, Paytm, said.
The company has registered a 700% increase in overall traffic and 1000% growth in the amount of money added to the Paytm account over the last couple of days, a statement said. The number of transactions per user also went up from 3 transactions to over 18 transactions in a week, Paytm claims.
Nitin Misra, senior vice president, Paytm, said, “With Paytm, all merchants be it small or large, can now accept payments at zero transaction fee or TDR. They have to simply log on to Paytm.com/business and fill an online form or give a missed call to +91 7210972109."
"We also we urge banks to reduce the charges for adding money to wallets and facilitate this shift in consumer behavior," he added.
PayTM: Paytm records 5 mn transactions post demonetisation; Delhi, Bengaluru top cities in its growth - ET Telecom
"Paytm hit a record 5 million transactions a day starting 10th of November and since that day, we have been consistently clocking over 5 million transactions a day," the company told ET.
Delhi, Bengaluru, Pune, Hyderabad and Mumbai have emerged as the top 5 cities that have recorded the highest number of transactions.
“I am very excited to announce that Indian consumers are now using Paytm in more scenarios than ever before. Owing to the overwhelming response from consumers and merchants alike, we have set bolder targets in merchant acquisition, and are aiming to target 5 million merchants by the end of the financial year," Kiran Vasireddy , senior vice president, Paytm, said.
The company has registered a 700% increase in overall traffic and 1000% growth in the amount of money added to the Paytm account over the last couple of days, a statement said. The number of transactions per user also went up from 3 transactions to over 18 transactions in a week, Paytm claims.
Nitin Misra, senior vice president, Paytm, said, “With Paytm, all merchants be it small or large, can now accept payments at zero transaction fee or TDR. They have to simply log on to Paytm.com/business and fill an online form or give a missed call to +91 7210972109."
"We also we urge banks to reduce the charges for adding money to wallets and facilitate this shift in consumer behavior," he added.
PayTM: Paytm records 5 mn transactions post demonetisation; Delhi, Bengaluru top cities in its growth - ET Telecom
