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Total volume of UPI-transactions from Paytm Payments Bank in India from January 2020 to March 2024 (in millions)

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Source

Release date

August 2025

Region

India

Survey time period

January 2020 to March 2024

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Total volume of UPI-transactions from Paytm Payments Bank India 2020-2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Aug 8, 2025

In March 2024, the Paytm Payments Bank acted as the remitter bank for over ** million UPI-transactions in India. This figure fluctuated over the last one year. The Paytm Payments Bank is one of the new payments banks in India licensed in 2015. They provide mainly online and mobile payment services and cannot issue credit or loans cards.

Unified Payments Interface (UPI) is a product of the National Payments Corporation of India (NPCI) and was launched in 2016. It allows users of payment service providers like PhonePe or GooglePay to use NPCI as switch to connect with banks and transfer money. It is more user-friendly than older transaction modes such as IMPS.

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