Paytm has said it is the largest contributor to the overall volume of UPI transactions in February 2018. This is within two months after the full roll-out in January. In a statement, Paytm said it had registered 6.8 crore UPI transactions in February and that it had consistently contributed a larger share of UPI transactions with every passing month.
In December 2017, Paytm contributed 3.3 crore to the overall transaction volume for UPI, which rose to 5.1 crore in January 2018 and 6.8 crore in February.
Deepak Abbot, Senior Vice-President, Paytm, said, “We are happy to contribute the largest share of UPI transactions within three months of launch. Paytm is the largest mobile payments ecosystem in the country, and we are seeing exponential growth. Paytm UPI is a part of our efforts to make money transfers simpler, and bring convenient mobile payments to new and existing consumers across India.”