Paytm logs 400 million transactions every month, holds 50 pct market share
India’s largest digital payments company Paytm has announced that it processes over 400 million transactions each month for merchants and holds over 50 per cent market share to be the leading Payment Gateway in the industry.
India’s largest digital payments company Paytm has announced that it processes over 400 million transactions each month for merchants and holds over 50 per cent market share to be the leading Payment Gateway in the industry. The transactions logged by Paytm are five times more than the next biggest player. The company claims to be the preferred payment gateway for several leading online platforms such as IRCTC, Zomato, Oyo, Grofers, Big Basket, PVR, Club Factory, Dominos, JIO and Idea among others, with a majority share of its transactions.
The company has witnessed over 3X growth in the number of transactions over the last one year with Paytm PG emerging as the leading payment gateway for the third-party apps and websites. It has rapidly expanded its merchant base with its wide array of payment solutions, right from instant plug-and-play offerings to deep platform integrations.
The platform claims to be focused on driving an intuitive transaction experience and easy integration with any existing platform. By offering software-development kits, developer APIs and secure checkout solutions, it has strengthened businesses, large and small alike to address their niche payment requirements.
Speaking on this growth, Kiran Vasireddy, COO - Paytm said, "We continue to witness impressive growth in transactions through the Paytm Payment Gateway across fast-growing categories such as Transportation, Food Delivery, Gaming as well as existing large verticals of Travel and Telecom, . We are glad that our efforts to build a trusted, secured and convenient payments offering is being acknowledged by our business partners. We are committed to deliver more innovative offerings tailored to meet the ever-evolving payments requirement to further consolidate our leadership."
Paytm PG offers industry-leading success rates across all payment methods. It is the largest transaction processor when it comes to indigenous instruments like Rupay cards and UPI.