Paytm's UPI transactions hit a new high after RBI ban setback

Business Nov 20, 2025

Paytm just bounced back big—processing 1.52 billion UPI transactions in October, its best ever since the RBI's restrictions on Paytm Payments Bank early last year.
After a tough two-year slump, this marks a solid recovery for the payments giant.

Market share down, merchants up

Even with record transaction numbers, Paytm's UPI market share has dropped from 12% in about two years.
But there's good news: more merchants are signing up than ever—even though monthly active users have slipped from 10 crore to 7.5 crore.

Profits rise despite lower revenue

Here's the twist: even as revenue fell to ₹2,061 crore this quarter (from ₹2,850 crore last December), Paytm turned things around with a net profit of ₹211 crore before exceptions—a rare win powered by more merchant subscriptions and tighter cost controls.