Smaller cities driving e-payments: Paytm

MUMBAI: The national capital region (NCR) is also the country’s digital payments capital, according to a recap of transactions made during 2022 by Paytm. Bengaluru, Hyderabad, Pune and Jaipur are the next four on the list of the top five cities in terms of transactions.

With over 7 crore monthly transacting users, Paytm is a good indicator of trends in digital payments. According to the company’s data, over 130 crore digital payments were made for recharges of mobile phones and direct-to-home television & utility payments. Another interesting fact isthat transactions peak on Wednesdays and most transactions happen at 7.23pm.

The absence of the country’s financial capital from the list of top users is not a majorsurprise, considering that the smaller centres are driving usage. Two of every three new users joining Paytm are from smaller cities.