In India, most of the Unified Payments Interface (UPI) transactions take place at Paytm Payments Bank, which has become the primary source and destination for most payments -:- www.deekpay.com

Our Paytm Payments Bank is leading the change in the digital banking space in India and has grown by leaps and bounds in the last four years. Today, we offer users new online banking services on their smartphones, including current and savings accounts, fixed deposits with partner banks, net banking, debit cards, wallets, FASTag payments, UPI and many other banking services. Our performance in the UPI space is very different from many third party payment applications (TPAs) in India. We have one of the largest and robust UPI transaction platforms and have achieved this without relying on marketing spends such as cashback.Paytm Payments Bank is an NPCI certified PSP (Payment Service Provider) and issuing bank for UPI transactions. Many other third-party apps rely on PSP banks as acquirers of UPI transactions only. Paytm Payments Bank, on the other hand, acts as both an issuer and PSP bank and as an acquirer for UPI transactions on its platform, making it the starting and ending point for all transactions, thus providing end-to-end transaction services to its users.

NPCI's data reflects our leadership position in the industry:

1. Advanced technology leads to the highest success rate and doubled growth

Our growth in UPI has been fuelled by the robust infrastructure we have built to ensure that our customers enjoy a seamless transaction experience. As a result, customers and merchants who have been plagued by pending and failed payments are now increasingly favouring Paytm Payments Bank to send and receive funds due to its faster overall payment experience and lower technical failure rate.

2. Paytm Payments Bank is the most trusted bank to receive funds in the UPI space

For the third month in a row, we have been the largest beneficiary bank for UPI transactions, ahead of other traditional financial institutions. The beneficiary bank is the bank where UPI users receive their funds. Simply put, more and more users are preferring to transfer funds into their Paytm Payments Bank accounts rather than commercial banks. These funds are then used by our customers for banking, digital payments and various other financial services on the platform. (Source: NPCI report)

3. Attract more users as the leading remittance bank in UPI payments

We are one of the largest remittance banks with 164 million transactions (April 2021), despite the current deposit limit of Rs 10 lakh for PPBL. With the new regulations proposing an increase in the cap to Rs. 2 lakh, we are confident that we will attract more subscribers.

4. Leveraging automation to ensure that client funds are never lost

We have the highest debit card refund rate of 99.61%, which means that it successfully returns funds to the user's account without manual intervention. In the very rare event of a failed transaction on the PBBL platform, users can be confident that their funds have been safely deposited back into their account. This is made possible by our innovative state-of-the-art technology infrastructure, which utilises automation to process refunds immediately.

5. Diversity in UPI transactions as a merchant favourite

In the offline merchant space, we have more than 20 million merchants across tier-I to tier-V cities in India. The digital UPI transaction solutions we offer are not just limited to our app, but also include Paytm QR, IoT devices and Paytm Soundbox.It is our diverse range of solutions that make it easy for all types of merchants, be it a vegetable vendor or a large corporate shop, to transact through UPI.

Paytm Payments Bank has emerged as one of the biggest enablers in the digital payments space.In March 2021, we processed over 970 million transactions. With over 64 million accounts, our total deposits have exceeded Rs. 32 billion. This growth has been achieved through the increasing number of transactions on Paytm Wallet, FASTag Payments, and Banking Services. To know more, read Paytm Payments Bank Becomes India's Largest Digital Transaction Enabler.