Knowledge Series

Paytm Payments Bank has 155 million UPI handles, is the largest beneficiary bank

India’s leading digital payments and financial services Paytm filed its DRHP on July 15, 2021, for SEBI’s approval for its $2.2 billion IPO. In its prospectus, the numbers of Paytm Payments Bank revealed how the company is faring in the UPI game. Paytm Payments Bank Ltd (PPBL), has 155 million UPI handles on its platform and is accelerating the growth of UPI payments at retail stores and even large merchants, as stated in its DRHP.

#VCW100 – Ninad Karpe: The Great India Fintech Opportunity & Other Big Ideas

During an exclusive interview with VC World, Ninad Karpe says “Customers want smooth transactions and less friction points, technology and fintech can solve many of its problems. There are still massive markets for the Fintech sector of India. The large MSME sector of India has deep financial needs”

At 100x, startups are evaluated based on the capabilities of the entrepreneurs to scale the business. Building a business is not a journey of income, it is a journey of wealth. He believes that the secret sauce is to know if the founder can implement the idea and scale it big, and understand the market size of the product or service.