Just In
- 10 min ago Snapchat Is Adding Watermark to AI-Generated Images for Transparency
- 15 min ago How to Use AI Supercharged WhatsApp as a Chatbot and to Generate Images
- 31 min ago Google Maps Introduces Eco-Friendly Commuting Options: All You Need to Know!
- 1 hr ago AltStore PAL Launches in Europe – the First Third-Party Apple App Store
Don't Miss
- Movies Maidaan OTT Release Date, Platform: When Will Ajay Devgn Film Premiere On Amazon Prime Video, Zee5?
- Finance 150% Gains In 12 Months: This Multibagger Telecom Stock Hits 52-Week High; IIFL Finance Recommends BUY!
- Education Who is Swati Sharma? UPSC IAS 2023 Topper, AIR 17
- Sports Hardik Pandya bystander as Akash Madhwal takes input from Rohit Sharma before bowling final over vs Punjab
- Automobiles Sany India Introduces SKT105E: An Electric Dump Truck
- News Bengaluru Park Tragedy: Mother Avenges Daughter's Killer After He Stabs Her To Death
- Lifestyle Sonam Kapoor Stuns In A Huisang Zhang Skirt Set, A Skirt-Top Style Guide From The OG Fashionista!
- Travel Telangana's Waterfall: A Serene Escape Into Nature's Marvels
Paytm registers over 7 million transactions in a day
Backed by China's Alibaba, Paytm on Monday said it has registered over 7 million transactions worth Rs 120 crore in a day after the demonetisation drive started as millions of consumers and merchants across the country are opting for mobile payments on its platform for the first time.
The company said it has served over 45 million users in the last 10 days alone and over 5 million new users were added since the demonetisation drive started.
SEE ALSO: Paytm Lets You Pay at E-toll Plazas: Here's What You Should Know
"From consumers being able to pay for a cup of coffee in metros, to farmers purchasing seeds using Paytm in Kurnool, we are witnessing an exponential increase in adoption of Paytm as a way to pay by both consumers and merchants alike. We are working round-the-clock to ensure we can enable users and merchants to complete everyday transactions seamlessly," said Paytm Vice President Sudhanshu Gupta.
"With offline transactions now contributing to over 65 per cent of the overall business, the company has also expanded its merchant network by 150,000 additional merchants. This will ensure that consumers have more shops in their neighbourhood accepting Paytm than ever before," the statement said.
SEE ALSO: Top 10 Narendra Modi Apps Available in App Stores
"The company is currently doing more transactions than the combined average daily usage of credit and debit cards in India," the company statement added.
Paytm now has a current user base of 150 million.
Source IANS
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999
-
2,500
-
3,599
-
8,893