Paytm hits record 5 mn transactions a day

  |   Tech News

Buoyed by a sudden surge in demand for digital transaction, India’s largest mobile payments platform Paytm said it has touched a figure of five million payment transactions per day.

Following the ban on Rs 500 and Rs 1,000 notes, mobile wallets, debit and credit cards, online money transfers have seen a rise of 200%, industry experts have observed. According to senior executives at Paytm, the Vijay Shekhar Sharma-led company would be able to close the financial year with Rs 24,000 crore worth of transactions processed on the platform.

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