We clocked Rs 5,000 crore worth of transactions in January alone, that's 200 million transactions in volume terms
The customer base we have achieved in such a short period of time, is incredible and India and Bharat have come together so easily, he said.
Post November, our offline transactions have exceeded even our expectations. In January more than 65 percent of our transactions were offline, he said.
We have over 4.5 million merchants presently and are targeting to grow this to 10 million by the end of the year, he added.
Sharma who had made an Rs 112-crore investment for his majority stake in the payment bank, did not welcome the news that the RBI had issued in-principle licence for payment banks to Vijay Shekhar Sharma, who holds 51-percent stake in the joint entity. The entity now is in process of obtaining the final licence from RBI to start operations. This new announcement also spells a clear split between Paytm’s e-commerce business and its payments arm.