Paytm witness millions of consumers on its portal due to cash crunch
Paytm witness millions of consumers on its portal due to cash crunch

Paytm, an e-cash wallet, has said that it has witnessed around 35 million transactions for mobile and DTH recharges on its platform post demonetisation.

Paytm claimed that over 70 per cent of online mobile and DTH recharges done in the country are now being conducted on its platform.

A statement released by Paytm, read, "Paytm has registered a strong surge in online recharges on its platform post the government's move... As millions of new consumers tried online recharges for the first time, Paytm has registered over 35 million online recharges in the last few days."

Shankar Nath, Senior Vice-president, Paytm, said, "Millions of new consumers across the country have adopted digital, cash free recharges and bill payments for the first time. We also noticed a trend of users recharging over 5-6 mobile numbers online to assist friends and family."

 
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