One97 Communications (OCL), which owns Paytm, on Wednesday introduced the discharge of Paytm 2022 Recap, highlighting the attention-grabbing tendencies of transactions made via Paytm within the final 12 months.

Paytm UPI is without doubt one of the most most popular cost strategies for Indians, with its superfast and safe funds. Users may verify their particular person funds journey with Paytm in 2022 via, the main funds and monetary providers firm mentioned.

The firm’s report confirmed that Delhi-National Capital Region emerged as India’s digital funds capital whereas Tamil Nadu’s Katpadi is the fastest-growing metropolis for digital funds with 7X development in 2022. Chennai and Trichy in Tamil Nadu have the best proportion of offline funds on meals and drinks whereas Amritsar noticed the best spending on well being and grooming via Paytm.

Noida and Nagpur noticed the best proportion of spending by way of Paytm on micro-sellers or road aspect distributors. Paytm’s market within the Northeast additionally noticed big development. The fastest-growing cities within the Northeast for unified funds interface (UPI) transactions are — Lohit in Arunachal Pradesh, South Sikkim and Ranipool, and Assam’s Guwahati, Dibrugarh, Jorhat and Kamrup.

The firm mentioned one person had made transactions in 106 cities throughout 20 states. Another person booked flights between Mumbai and Delhi 358 occasions utilizing the Paytm app.

An intriguing statement is that the utmost variety of funds have been finished at 7.23 pm with Wednesday rising because the busiest day within the week for digital transactions. Two of the commonest names amongst Paytm’s customers are Rahul and Pooja. The firm helped its customers keep away from 1,618,796,629 journeys to ATMs. The firm mentioned it was taking digital funds far and extensive, driving monetary inclusion with two out of three of its new customers coming from smaller cities and cities.

Paytm continues to strengthen its management in offline funds with greater than 5.5 million retailers now paying subscriptions for cost units, the fintech agency mentioned, including that Paytm Soundbox is the sound of service provider transactions in India, with a brand new service provider and their clients being greeted by its melody each six seconds.

With Paytm UPI, the corporate allows seamless and superfast cash transfers. One person referred greater than 1,300 of his family and friends to Paytm final 12 months and earned over Rs. 1 lakh.

Engaging observations have been seen in service provider transactions with Rs. 20 being the commonest quantity paid on Paytm service provider fast responses (QRs). Varanasi has seen 213 % development in offline QR transactions, Paytm mentioned.

Festivals have additionally been swept by the digital funds wave. During the web Diwali sale season, the best quantity spent by a single person was Rs. 2.8 lakh. Another competition that noticed a excessive quantity of Paytm UPI transactions is Rakhi, with Rs. 1,100 being the favorite ‘shagan’.

Paytm spokesperson mentioned, “As the pioneer of QR and mobile-based payments in India, we continue to see widespread love for the most trusted payments app — Paytm. Over the last year, we have seen greater adoption amongst consumers and merchants, leading to some interesting trends with Paytm UPI leading the way. With the trust bestowed upon us by our users, we remain focused on driving financial inclusion in India.”

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