Paytm’s UPI Market Share Continues to Slide After RBI Crackdown
- The fintech firm’s share of UPI is down to 8.1% in May
- Paytm was ordered to wind up a banking affiliate in January
A Paytm QR code at a store in Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Paytm’s share of the unified payments interface (UPI) market in India fell for a fourth straight month as the fintech pioneer struggles to recover from a regulatory setback.
Paytm accounted for 8.1% of total UPI transactions in May, down from 13% in January, according to data released by the National Payments Corporation of India.