Paytm UPI continues to decline for the 4th month..!

Paytm UPI: Paytm accounted for 13% of total UPI transactions last January, according to data released by the National Payments Corporation of India. But at the end of last May, it has declined to 8.1%.

Last January, the Reserve Bank of India (RBI) ordered the Paytm Payments subsidiary to cease operations following some complaints from Paytm users. Due to this continued month-on-month decline, Paytm shares fell by around 55%.

Last May alone, the UPI network handled transactions worth Rs 14.04 billion, a month-on-month increase of 5.5%. But only Paytm has seen a decline in these UPI transactions.

At the end of the fourth financial year, Paytm reported a slight decline in revenue and profitability for the 4th consecutive month due to several disruptions in the business.

The post Paytm UPI continues to decline for the 4th month ..! appeared first on oneindias.

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