Paytm is registering massive growth across India within hours of the Honorable Prime Minister Narendra Modi announcing his plans to have a corruption-free India. The Paytm platform saw an overwhelming 435% increase in overall traffic as millions of consumers across India have taken to using their Paytm Wallets to transact offline.
Within hours of the Prime Minister’s announcement, the company has registered a 200% hike in number of app downloads and 250% surge in number of overall transactions and transaction value.
The number of Saved Cards also grew by 30%, pointing at a strong set of repeat customers the platform has now acquired. The company has noted 1000% growth in money added to the wallet and 400% growth in transaction value of offline payments. T
Paytm has a current user base of more than 150 million.