Delhi  makes  most payments between  midnight and 6am.  

 An  interesting finding  from  the report  is  that the maximum number of payments  are made  on  Saturday,  making it the busiest day  of  the week for digital transactions.  With  most payments  made  between  midnight and  6  am,  Delhi  has become Paytm’s  night owl.  

 One97 Communications Limited  (OCL),  the  owner of  payments and financial services company Paytm,  has  announced the release of  Paytm Summary 2023.  The  summary shows  payment numbers and user engagement on  the app  its  use. 

 Users can also check  out  their  personal payments journey  with Paytm in 2023 through paytm.com/recap.  Paytm  recorded  strong in-store payment  figures  with  over  92 lakh  devices pioneered by  Paytm  like  Soundbox, Card  Machine,  etc. in the quarter ending  September  2023. A total of 912 crore merchant payments were made using Paytm in Q2FY24. Paytm was the first  company  to launch QR code  and confirmation  based  payments Instant sound  with Soundbox device. This year, the company launched three new Paytm Soundbox devices for  merchants:  Pocket Soundbox, Music  Soundbox  and Card Soundbox.  

An  interesting finding  from  the report  is  that the maximum number of payments  are made  on  Saturday,  making it the busiest day  of  the week for digital transactions.  By  making most payments between  midnight and  6  am,  Delhi  has become Paytm’s  night owl,  outperforming  cities like Hyderabad, Bengaluru,  Chennai  and Goa. 

  “The  company’s  report shows the widespread adoption of  Paytm’s pioneering  QR codes and  points out  that if all the Paytm QR codes used this year were stacked  together, they  would be  larger  than 40 Qutub  Minars, ”  it said in  an announcement.  

 The company is  expanding  digital payments  everywhere, thereby  driving financial inclusion as it is  adopted in the most remote parts  of the country, with users  coming  from places like Dharwas in Himachal Pradesh and Laitmawsiang in Meghalaya. 

 There were some interesting  observations  during the  year  with Rs 20 being the most  popular  amount paid by  Paytm users. Facilitating  payments  of over 55  lakh  challans worth  over  a staggering Rs  179  crore, the company  has  provided users with a convenient way to  clear  fines and  fees.

  “Over  the  past  year, users  have  made payments to our  robust commerce  base  worth ₹3.75  crore, across the country, supporting businesses of all sizes,” the company said. 

  A  Paytm  spokesperson said:  “As the pioneer of QR  codes, sound boxes  and mobile payments in India, we continue to see widespread acceptance of Paytm, with  growing  adoption  by  consumers and  sellers.  

In 2023, we achieved new milestones and further  strengthened  our leadership in payments. We continue to  be at the forefront of  technology for  small shops  in India  and remain focused on driving financial inclusion in  India. 

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