Paytm Disbursed Over Rs. 5,500 Crore in Loans; While UPI Crosses 10 Billion Transactions in August

Paytm Disbursed Over Rs. 5,500 Crore in Loans; While UPI Crosses 10 Billion Transactions in August

Fintech major Paytm on Tuesday said it disbursed $667 million (Rs. 5,517 crore) loans through its platform and deployed 87 lakh devices for offline payments in August.  The Vijay Shekhar Sharma-led fintech platform said in a regulatory filing that on an average 9.4 crore users transacted through Paytm monthly during…

UPI Reaches Record High of Payments Worth Rs. 12.82 Lakh Crore in December 2022

UPI Reaches Record High of Payments Worth Rs. 12.82 Lakh Crore in December 2022

Payments through the Unified Payments Interface (UPI) touched a record high of Rs. 12.82 lakh crore in December. During the month, 782 crore transactions in volume terms were done on the platform, which was launched in 2016. “UPI has made major contribution in ushering digital payment revolution in the country. In…