How Many Paytm Users in India Can Be Found in India

As of 2022, over 350 million users can be found in India using the Paytm app. This staggering number makes India the largest market for Paytm.

Paytm's user base has grown significantly since its inception in 2010, with a major boost coming in 2017 when the company received a payment bank license from the Reserve Bank of India.

Paytm is expected to have 500 Mn payment customers soon in India.

The company's monthly transacting users (MTU) had reached 82 Mn at the end of FY23.

Paytm's user base is growing rapidly, with the government's push for Digital India and enabling policy framework from the regulator contributing to its success.

The fintech giant's merchant subscriptions stood at 68 Lakh at the end of FY23.

Paytm's payment app is one of the largest UPI payments apps in India, behind rival PhonePe and Google's Google Pay.

Together, the three payment apps account for over 95% of all UPI transactions in India.

Paytm processed 139.37 Cr transactions worth INR 1.71 Lakh Cr in July 2023.

Paytm, India's most popular payment app, has an impressive 400 million users.

In just a few short years, Paytm grew from a small startup to a payments giant.

However, in 2016, the government's crackdown on high-value currency notes left Paytm's users stranded without cash.

This led to a significant drop in user numbers.

By January 2017, Paytm had lost over 70% of its users.

Paytm's user base was severely impacted by the government's decision.

The company's user count plummeted in the weeks following the crackdown.

Paytm Money has seen a significant growth in its active clients over the years, with a notable increase in 2022.

Paytm Money's active clients have been steadily rising, with a notable jump from one year to the next.

The company's active client base has been expanding rapidly, with a substantial increase in the number of active clients compared to the total active clients on NSE.

Paytm Money's client share has been steadily increasing, indicating a growing presence in the market.

The company has managed to maintain a relatively low complaint rate, with complaints making up a small percentage of the total active customers.