India's leading payments and financial services company Paytm on Monday announced its business operating performance for the two months ended May 2023 and that its consumer engagement on the Paytm Super App continues to see robust expansion of its consumer base.
Paytm UPI Lite continues to gain rapid popularity among the masses to carry out small-value transactions of up to Rs 200 in a single tap, according to a statement from Paytm Payments Bank.
Paytm's leadership in offline payments strengthened further with 6.4 million merchants now paying subscription for payment devices, an increase of 0.3 million in the month of February 2023.
During the said quarter, the overall engagement on its Paytm Super App platform in terms of average monthly transacting users (MTU) was at 85 million, it apprised stock exchanges through a filing.