The total value of UPI transactions processed on the Paytm platform grew to Rs 1.24 trillion in May, on the back of the company launching several initiatives for users such as Credit Card on UPI, as well as pushing the lever on UPI Lite.
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In an official statement, One97 Communications clarified, "The abovementioned news item is speculative, and the company is not engaged in any discussions in this regard
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Following this partnership, bill payments settled by PPBL will now be done via Euronet. Euronet settled around 19 million consumer-facing bill payments in March, a significant increase from 4.6 million in January
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As part of this restructuring, Rakesh Singh, former CEO of stockbroking firm Fisdom, has been appointed as the new CEO of Paytm Money, succeeding Varun Sridhar, who has transitioned to the role of CEO at Paytm Services.
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