PhonePe: Paytm's UPI volumes inflated in December by Rs 1 cashbacks

“I love @UPI_NPCI. But the 145 million transaction count is badly polluted. 6.3 million UPI P2P transfers between Paytm VPAs to Yes Bank VPAs. Sounds impressive. But 5.6 million (90%!!!) transfers were for 1 each. And only 60,000 distinct Paytm users did the transfers. That’s 105 transactions of 1 per user!”
That’s PhonePe’s Sameer Nigam’s point of view on Paytm’s December numbers (he has deleted the tweet).


Sign Up for Our Newsletters

Get smarter with most important stories.

You May Also Like