TIWN
New Delhi, March 18 (TIWN) Fintech major Paytm on Tuesday said it has witnessed a massive surge in digital payments as more people work from home, avoid venturing out and touching cash to stop the spread of coronavirus.
"We have been witnessing 20 percent growth in digital payments as compared to the regular days. Since February, the number of users visiting the Paytm app and the number of sessions per user has also increased," a Paytm spokesperson told IANS in a statement. "There has been a massive surge in repeat transactions for various use-cases like fuel stations, utility payments among others. Offline payments have grown by 12 percent owing to more people preferring Paytm over cash," the statement added. Reserve Bank of India Governor Shaktikanta Das on Monday asked banks to encourage the use of digital payments.
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