Paytm achieves GTV of over $50 billion in FY’19, clocks 5.5 billion transactions

Digital payments major Paytm on Wednesday said that it achieved a Gross Transaction Value (GTV) of more than $ 50 billion while clocking 5.5 billion transactions in financial year 2018-19.

Currently, Paytm has a user Base of 350 million.

In 2017-18, Paytm had achieved a gross transactions value (GTV) of $ 25 billion, clocking volume of 2.5 billion transactions.

This GTV performance is a result of the rapid growth in the adoption of Paytm’s digital payments solutions across online and offline for multiple use cases including retail payments, fees,utility payments, travel booking, entertainment, games etc.