Paytm traffic up by 435% post new notes announcement

Paytm is registering massive growth across India within hours of the Honorable Prime Minister Narendra Modi announcing his plans to have a corruption-free India. The Paytm platform saw an overwhelming 435% increase in overall traffic as millions of consumers across India have taken to using their Paytm Wallets to transact offline.

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Within hours of the Prime Minister’s announcement, the company has 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. T

Paytm has a current user base of more than 150 million.

Written by NextBigWhat

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