We are delighted to share with you that we have achieved another milestone of being the largest contributor to UPI Payments in India in a year’s time therefore, making Paytm the most preferred platform among UPI users. With 600% growth in UPI Transactions in last 6 months alone, we are leading in the contribution towards UPI payments with over 179 million UPI transactions in October’18.
Usage of UPI services is not confined to the online merchants alone; offline merchants are overwhelmingly using UPI for accepting payments through their Merchant QR codes.
The list of payment use-cases on our platform remains wide-ranging. More than 50% of all utility payments (mobile, electricity, DTH, water etc) are made using UPI.
All our 10 million+ merchants have the power to now accept payments through UPI using their Merchant QR code directly from their customer’s bank account. If in case you face any problem in doing so you can reach to us anytime through the Need Help section available in your Paytm app and merchant dashboard.
It is a matter of pride for us to witness Paytm BHIM UPI being adopted by a large number of people in our country for various online and offline services. Also, we feel contented for being able to contribute towards building a digital India.