Paytm Payments Bank Led UPI Beneficiary Chart In December: Report
NDTV
Paytm Payments Bank has emerged as the biggest receiver of unified payments interface (UPI) amount with 926.17 million transactions in December 2021
Paytm Payments Bank has emerged as the biggest receiver of unified payments interface (UPI) amount with 926.17 million transactions while State Bank of India (SBI) topped the chart of being the biggest remitter in December 2021, according to data released by the National Payments Corporation of India (NPCI).
Paytm Payments Bank claimed to have become the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month.
"We are humbled to receive such an encouraging response from our users who have helped us become the most preferred beneficiary bank for UPI payments.
"We will continue to leverage our experience and technological strength to offer superfast UPI Money Transfer and the convenience of using Paytm Wallet and bank account for everyday payments," PPBL Managing Director and CEO Satish Gupta said in a statement.
