Paytm Payments Bank became most preferred UPI beneficiary bank in India

Daily Current Affairs / Paytm Payments Bank became most preferred UPI beneficiary bank in India

Change Language English Hindi

Category : Business and economics Published on: January 18 2022

Share on facebook

Paytm Payments Bank Ltd (PPBL) became the largest and fastest-growing UPI beneficiary bank in India.
It has become the first beneficiary bank in the country to achieve this feat by doing more than 926 million UPI transactions in a month.
Beneficiary banks are the banks of the account holder who is receiving money. Paytm Payments Bank has also gained rapid traction as a remitter bank for UPI payments.
While State Bank of India (SBI) topped the chart of being the biggest remitter in December 2021, according to data released by the National Payments Corporation of India (NPCI).

India strikes terror camps in Pakistan and PoK in response to Pahalgam killings; flights at 13 northern airports cancelled till May 10.
Read More....
PM Modi calls space a symbol of curiosity and unity at Global Space Conference 2025.
Read More....
India-UK free trade deal finalized, aiming for $34 billion trade by 2040.
Read More....
India’s co-working space to grow to 125 million sq. ft. by 2027; five IPOs to raise ₹7,000 crore. Hindi:
Read More....
CM Stalin to lead May 10 rally supporting armed forces, condemning Pakistan’s actions.
Read More....
SECL hosts first ‘Sneh Milan Mela’ in Chhattisgarh to strengthen ties with local communities.
Read More....
World Red Cross Day to be observed on May 8 to honor humanitarian efforts worldwide.
Read More....
India rolls out chip-based e-passports for secure and biometric global travel.
Read More....
First geothermal well in Northeast drilled in Arunachal to power eco-friendly agricultural solutions.
Read More....
Brazil to host 2027 Women’s World Cup; Maracana among 8 FIFA-announced venues.
Read More....

Paytm Payments Bank became most preferred UPI beneficiary bank in India