Paytm records four times growth in payments made to merchants during lockdown

Digital payments firm Paytm has recorded around four-fold jump in payments received by merchants in its new ledger service amid the coronavirus pandemic, a senior company official said on Thursday.

The amount of payments received by merchants recorded in its e-ledger service Business Khata has crossed Rs 1,500 crore in about four months.

“We have seen four-time growth in payments received by merchants in Business Khata between January 8 to March 14 and March 15 to May 15,” Paytm Vice-President Sajal Bhatnagar said.

The company launched free digital ledger service Paytm Business Khata for merchants on January 8 which allows the retailer enter item details, price, and customer’s phone number.