Paytm Payments Bank has emerged as India’s leading Unified Payment Interface (UPI)-based payment service provider with almost a 40% share in the merchant acquiring bank market. The bank revealed that merchants utilizing Paytm’s ecosystem accounted for almost 40% of UPI person-to-merchant transactions, as well. Paytm’s success is attributed to its adoption of innovative technologies, including its Prepaid Payments Instruments and Wallets Interoperability and its industry-first, RuPay Credit Card-powered UPI payments. Besides, Paytm Bank is a National Payments Corporation of India-certified payment service provider and an issuer bank for UPI transactions, making it a dependable platform for merchants and users.
Paytm Payments Bank Leads Merchant Acquiring Bank Sector with Nearly 40% Market Share
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
