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Paytm Payments Bank ahead of major banks in digital transaction target

Paytm Payments Bank has received a target of 501.16 crore digital transactions for the financial year 2019-20 from the Ministry of Electronics and Information Technology (MeitY), higher than the targets set for major banks including HDFC Bank, ICICI Bank and Punjab National Bank. In a statement, Paytm Payments Bank said it is only behind the

post demonetisation

Digital transactions shoot up post demonetisation

Mumbai, Nov 5, Post demonetisation : Digital payment companies have seen a substantial jump in their business as a result of the government’s measures towards promoting cashless transactions post demonetisation last year. These firms are likely to further consolidate their business with more incentives for digital transactions.“In the last 12 months, we saw over 3

Digital transactions reach 1 billion landmark in July

NPCI managing director AP Hota said the 1 billion transactions pertain to all types of payments handled by NPCI from cheque clearing and ATM clearing to IMPS (immediate payment system), UPI (unified payment interface), BHIM, RuPay, POS, e-commerce and also Aadhaar based payments. There are now 12 payment systems operated by NPCI.“Highest growth has been