Paytm registers 2x growth in digital gold

Fintech major Paytm on Thursday said it has recorded 2x growth in the digital gold transactions during the last six months with average order value going up by 60 per cent.

The company has also announced the launch of its high-value transaction product feature, wherein users can buy Paytm Gold worth up to Rs 1 crore in one go on the app.

“Since the beginning of this financial year, new users have increased by 50 per cent and the average order value is up by 60 per cent. With this, the total transaction volume on the platform has crossed the milestone of 5,000 kg,” a statement said.

The company has now extended the Paytm Gold services to Paytm Money platform, enabling users to buy and sell digital gold on any of the two platforms, it added.