Paytm Payments Bank achieved this milestone
PPBL is the fastest growing digital platform in the country. Paytm has been the largest digital platform in the country with over 97 crore digital transactions in March.
Let us tell you that the bank has opened about 10 lakh savings and current accounts every month. With more than 6.4 crore accounts, the total deposits with the bank has crossed the Rs 3200 crore level. PPBL continues to be the largest bank for UPI transactions.
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NPCI released dataAccording to the data released by NPCI, its declining rate is only 0.11 percent as compared to UPI remitting banks. At the same time, in the case of all UPI beneficiary banks, its declining rate has been 0.04 percent.
Satish Kumar Gupta, CEO and Managing Director of Paytm Payment Bank Limited, said, “Our leadership in digital banking and payments is a testimony to the trust that the entire country has shown on our services.” We will continue to empower more merchants and involve them in the system of digital transactions so that they can get the benefit of our latest services. We are committed to play an important role in building a self-reliant India. “
This platform is also ahead in terms of digital toll payment with 90 lakh Fastag. Let me tell you that with the sale of more than 90 lakh Fastag and 4.2 lakh monthly transactions so far, Paytm has been done through Paytm Bank. Fastag has emerged as India’s largest and preferred option in terms of digital toll payment.
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Provides facilities at 270 toll plazas
Let us tell you, through this, users can pay Fastag directly from their wallet. PPBL is offering cashless payment facility at 270 toll plazas. Through this, about 5.7 crore transactions are being done every month.