Within hours of the Prime Minister’s announcement, mobile payment and commerce platform, Paytmhas registered a 200% hike in number of app downloads and 250% surge in number of overall transactions and transaction value. The number of Saved Cards also grew by 30%, pointing at a strong set of repeat customers the platform has now acquired. The company has noted 1000% growth in money added to the wallet and 400% growth in transaction value of offline payments. This is a great showcase of how fast consumers across the country are taking to the ease, convenience and safety Paytm’s cashless payments offer.
Sonia Dhawan – DGM, Paytm said, “This is the biggest and most ambitious step ever to crack down on black money and fake currency. We stand by the government in its efforts towards taking black money out of the equation and offering a major boost to the Indian economy. Since Paytm is fast becoming synonymous to all kinds of payments, we are happy to announce we have registered a strong surge in volume on our platform.”
Shocking!Paytm comes with front page Ad in papers with PM's face lauding him for demonetisation announced at 8 PM.Advance info&Quid pro Quo? pic.twitter.com/BXHFQF7LDA— Prashant Bhushan (@pbhushan1) November 9, 2016
The biggest,the boldest & the most ambitious surgical strike by any government in the world. Hats off to our PM for removing ₹500/1000 notes— Vijay Shekhar (@vijayshekhar) November 8, 2016
Sonia Dhawan – DGM, Paytm said, “This is the biggest and most ambitious step ever to crack down on black money and fake currency. We stand by the government in its efforts towards taking black money out of the equation and offering a major boost to the Indian economy. Since Paytm is fast becoming synonymous to all kinds of payments, we are happy to announce we have registered a strong surge in volume on our platform.”
