Experience UPI payments like never before, led by Paytm Payments Bank --:- www.deekpay.com

Paytm Payments Bank is leading UPI payments with technological excellence, an achievement recognised by the NPCI report. We have always endeavoured to simplify the many banking features that enable millions of unbanked and under-banked Indians to have easy access to new-age banking tools that enable them to store their hard-earned income, make quick payments, save and invest anytime, anywhere and conveniently. In this journey full of achievements, we have recently made impressive gains. We are extremely pleased to announce that we have once again outperformed all major banks in India in terms of UPI transaction success rate!

According to a recent report by National Payments Corporation India (NPCI), we have the lowest technical rejection rate of 0.021 TP3T, much lower than other UPI transfer banks, and 0.041 TP3T, lower than all UPI collection banks. This compares to other major banks in India, which have a technical denial rate of ~11 TP3 T. The main reason for this remarkable achievement is the leading edge of our in-house technology 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 physical retail shops as well as large merchants.

Satish Gupta, our Managing Director and CEO said, "The performance in the latest NPCI report is a testament to the hard work of our team in delivering the best technology infrastructure in the global banking space. We are way ahead of the curve 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 user experience. This has helped us build trust and lasting relationships with our partners."

We continue to be India's most successful payments bank with a comprehensive platform of funding sources. In addition to 100 million UPI accounts, we have 350 million wallets, 220 million saved bank cards and 60 million bank accounts on our platform. 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 further simplifying their daily lives. Stay tuned for more updates!