Delhi Makes Most Paytm Payments Between 12 AM - 6 AM, Saturday Takes Top Spot for Digital Transactions
One97 Communications Ltd. (OCL), the parent company of India's leading payment platform Paytm, unveils its 2023 Recap, showcasing a year of digital dominance and user engagement.
Images Credit - IANS
New Delhi, India (27 December 2023): One97 Communications Ltd. (OCL), the parent company of India's leading payment platform Paytm, unveils its 2023 Recap, showcasing a year of digital dominance and user engagement.
Leadership in Payments: Paytm continues to reign supreme in in-store payments, with over 92 lakh "Paytm-pioneered devices" like Soundboxes and Card Machines deployed across India in Q2FY24. This translated into a staggering 912 crore merchant transactions made using Paytm!
Pioneering Technology: Paytm, the first to introduce QR code payments and instant audio confirmations with Soundboxes, furthered its tech prowess this year with three new Soundbox devices for merchants: Pocket Soundbox, Music Soundbox, and Card Soundbox.
Delhi, the Night Owl Capital: An interesting find in Paytm's 2023 Recap reveals Delhi as the city making most payments between midnight and 6 AM, surpassing Hyderabad, Bangalore, Chennai, and even Goa! Saturdays were also crowned the busiest day for digital transactions across India.
Going the Distance: Paytm's report highlights the widespread adoption of its QR code technology. If all Paytm QR codes used this year were stacked, they would be taller than 40 Qutub Minars! The company is taking digital payments to far-flung corners of India, with users in places like Dharwas (Himachal Pradesh) and Laitmawsiang (Meghalaya) making Paytm a part of their daily lives.
Engaging Insights: Rs. 20 emerged as the most common Paytm transaction amount this year. Additionally, the platform facilitated over 55 lakh challan payments worth a whopping Rs. 79 crore, providing users a convenient way to settle fines and dues.
Supporting Businesses Nationwide: Paytm users made transactions across its massive 3.75 crore merchant base throughout the year, supporting businesses of all sizes and driving financial inclusion across India.
Paytm's 2023 Recap is a testament to its continued leadership in India's digital payments landscape. The company's innovative technologies, user engagement, and commitment to financial inclusion are shaping the future of money in India.
