Yes Bank's monthly UPI transactions increased to 5 million after partnering with Paytm.

Yes Bank CEO Prashant Kumar stated that the bank has recorded 5 million monthly UPI transactions after partnering with Paytm. Before the partnership, Yes Bank was processing around 3.3 million UPI transactions per month. Following the partnership, the bank's market share in merchant UPI transactions stands at around 55%, which provides an advantage on fee income and potential cross-selling opportunities.

April 27, 2024
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