India's Paytm wins approval to resume payments growth | TechCrunch
In Brief
Posted:
8:42 PM PDT · October 22, 2024
Image Credits:Ashish Vaishnav / SOPA Images / LightRocket / Getty Images
Paytm, a leading Indian financial services firm, has received regulatory approval to resume adding new UPI payments users, following an eight-month restriction on many of its operations.
UPI, which processes over 15 billion monthly transactions, dominates India’s online payments. Walmart-owned PhonePe and Google Pay process about 87% of UPI transactions, whereas Paytm’s market...
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