ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

Paytm Payments Bank leads UPI beneficiary chart with 926.17 mn transactions; SBI biggest remitter in December

Paytm Payments Bank has emerged as the biggest receiver of UPI amount with 926.17 million transactions while public sector bank SBI topped the chart of being the biggest remitter in December, according to data released by the National Payments Corporation of India (NPCI).

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Paytm Payments Bank leads UPI beneficiary chart with 926.17 mn transactions; SBI biggest remitter in December
Paytm Payments Bank Ltd (PPBL) claimed to have become the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month. Pic: Reuters

Paytm Payments Bank has emerged as the biggest receiver of UPI amount with 926.17 million transactions while public sector bank SBI topped the chart of being the biggest remitter in December, according to data released by the National Payments Corporation of India (NPCI).

Paytm Payments Bank Ltd (PPBL) claimed to have become the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month.

"We are humbled to receive such an encouraging response from our users who have helped us become the most preferred beneficiary bank for UPI payments.

"We will continue to leverage our experience and technological strength to offer superfast UPI Money Transfer and the convenience of using Paytm Wallet and bank account for everyday payments," PPBL Managing Director and CEO Satish Gupta said in a statement.

State Bank of India followed PPBL as the second-largest beneficiary with 664.89 million transactions.

According to the NPCI, 98.79 per cent of the transactions were approved on the PPBL platform.

"In the October-December 2021 quarter, PPBL registered a total of 2,507.47 million beneficiary transactions, compared with 964.95 million beneficiary transactions in the same quarter in 2020.

"This is a year-on-year increase of 159.85 per cent. It has remained the largest UPI beneficiary bank throughout the year (except in May 2021), and continues to grow month-on-month," PPBL said in a statement.

Paytm founder and CEO Vijay Shekhar Sharma on Tuesday had said the company is betting big on the payments business.

It expects revenue from payments services, including merchants transfers, to be around USD 140 million (about Rs 1034 crore) in the current quarter, he had said.

According to the NPCI data, Standard Chartered bank had the highest approval rate of 96.74 per cent in remittance of UPI transactions, while Citi Bank registered the highest approval rate of 99.84 per cent among UPI beneficiaries. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Paytm Payments BankState Bank of IndiaNational Payments Corporation of India
Written By: PTI
Updated: Thu, Jan 13, 2022
07:44 pm
PTI
RELATED NEWS
Paytm Payments Bank says taking immediate steps to comply with RBI directions Paytm Payments Bank says taking immediate steps to comply with RBI directions
RBI takes action against Paytm Payments Bank - 'No new customers now; conduct audit' RBI takes action against Paytm Payments Bank - 'No new customers now; conduct audit'
Paytm Payment Bank VISA Debit Card: Global acceptance, contactless transactions, cashback, and offer—check all features here Paytm Payment Bank VISA Debit Card: Global acceptance, contactless transactions, cashback, and offer—check all features here
CMS gets contract from Karnataka Bank, Paytm for home delivery of cash CMS gets contract from Karnataka Bank, Paytm for home delivery of cash
UIDAI: Aadhaar card-based services enabled by this bank UIDAI: Aadhaar card-based services enabled by this bank

LATEST NEWS

World Cancer Day 2023: Why it is celebrated on February 4? Check history, misconception, theme and more

Sidharth Malhotra and Kiara Advani wedding: Did Bollywood couple sell their marriage film rights to THIS streaming platform?

ITC Dividend 2023: Check record date, ex-date and payment date | ITC Share Price NSE Target

Stock Split: This small-cap company splits shares in 5:1 ratio after delivering 817% return in 5 years

SEBI proposes to allow alternative investment funds' to carry forward unliquidated investments to new schemes

Market Next Week: Tata Steel, Hero Moto, M&M results, RBI policy meeting, macro data, global cues among top cues for D-Street

Pathaan Box Office Collection: Shah Rukh Khan-starrer raises Rs 729 crore worldwide - Check domestic collection after Day 10| OTT release date here

Ajit Kumar starrer Thunivu OTT release date Announced! Check when and where to watch

Pakistan's rupee continues speedy crash against US dollar, suffers another big fall

FM Sitharaman says India's image not impacted by Adani's FPO withdrawal amid Hindenburg row

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV