Paytm News: In February, before the payments bank crisis began, Paytm’s UPI market share stood at 11.8%. The Reserve Bank of India (RBI) has imposed regulatory restrictions on Paytm Payments Bank Limited (PPBL).
Paytm News Market Fell by 9%
Paytm has included Axis Bank, Yes Bank, SBI and HDFC Bank, along with its Payment Service Partner (PSP) banks in the TPAP service. PSPs connect bank UPI apps to their banking networks. Till now, it was PPBL for Paytm. It is believed that due to some changes, the market share has been reduced, as Paytm started working as TPAP on March 15.
In 2020 and 2021, Paytm achieved 11 to 12 per cent market share in terms of transactions, but now it has again come down to nine per cent. In 2018 and 2019, the company claimed nearly 40 per cent market share in UPI transactions.
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