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» Bank transfers Paytm eyes ₹ 60000 crore
14th May 18

One97 Communications, which owns the Paytm brand, is targeting the processing of bank transfers of ₹60,000 crore per month by end 2018, the firm said.

In a statement, the company said the new ‘My Payments’ feature added to its app would enable Paytm users to make recurring, high-value payments in an instant besides other monthly payments. “Using the Paytm app, bank transfers can be done from any bank account to any [other] bank account, making it easier for customers to make payments at 0 percentage charge.”