Explore UPI payments with Paytm Payments Bank in a new payment experience - Paytm Payments Bank Blog:- www.deekpay.com

Unprecedented UPI payment experience at Paytm Payments Bank. Recently, Paytm Payments Bank has achieved yet another success in UPI payments with its superior technological prowess. According to the latest report by National Payments Corporation (NPCI), we have once again led all major banks in India in UPI transaction success rate!

We have been working to simplify numerous banking features and make new-age banking tools easily accessible to millions of unbanked and under-banked Indians, helping them save hard-earned money, make quick payments, and save and invest wisely, anytime, anywhere and conveniently. In this journey full of achievements, we have recently made impressive strides. We are extremely happy to announce that we have once again outperformed all major banks in India in terms of UPI transaction success rate!

According to the NPCI report, we have the lowest technical rejection rate of 0.021 TP3T as compared to other UPI remittance banks and 0.041 TP3T as compared to other UPI receiving banks.This compares to a high technical rejection rate of around 11 TP3T for other leading banks in India.The main reason for this remarkable achievement is the leadership of our in-house technical infrastructure.

Unlike other banks that rely primarily on third-party apps for UPI transactions, we are the only bank in the country that is organically driving UPI transactions through the Paytm ecosystem. We have over 100 million UPI accounts on our platform and are accelerating the growth of UPI payments in brick-and-mortar retail shops as well as large merchants.

Our Managing Director and CEO, Satish Gupta said, "The performance in NPCI's latest report is a testament to the hard work of our team in delivering the best technology infrastructure in the global banking industry. We are far ahead in leveraging Artificial Intelligence and Big Data to launch innovative products and services for our customers across the country. Our technology team consists of some of the best minds in the industry who work around the clock to deliver a seamless and efficient service experience to our customers. This has helped us build trust and lasting relationships with our partners."

As India's most successful payments bank, we have a comprehensive platform of funding sources. Besides 100 million UPI accounts, there are 350 million wallets, 220 million saved credit cards and 60 million bank accounts. As Conan O'Brien says, "Work hard, be kind, and wonderful things will happen." We've been providing millions of people with an exceptional banking experience and continue to simplify their daily lives. Stay tuned for more updates!