Paytm’s UPI transactions fall for 3rd straight mth, market share contracts

Fintech major Paytm continued to see a dip in Unified Payments Interface (UPI) transactions for the third consecutive month in April, data from the National Payments Corporation of India (NPCI) shows.

In April this year, the company processed 1,117.13 million transactions, a 9 per cent month-on-month decline in volume from 1,230.04 million transactions handled in March.

Consequently, the company has seen a contraction in its market share in the UPI ecosystem.