Paytm Payments Bank Ltd (PPBL) became the largest and fastest-growing UPI beneficiary bank in India. It becomes the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month. Beneficiary banks are the banks of the account holder who is receiving money. Paytm Payments Bank has also gained rapid traction as a remitter bank for UPI payments.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
While State Bank of India (SBI) topped the chart of being the biggest remitter in December 2021, according to data released by the National Payments Corporation of India (NPCI). State Bank of India followed PPBL as the second-largest beneficiary with 664.89 million transactions.
Important takeaways for all competitive exams:
The Goods and Services Tax (GST) is set for a major overhaul as the Centre…
On August 15, 2025, during the 79th Independence Day address from the Red Fort, Prime…
On August 15, 2025, during his 79th Independence Day address from the Red Fort, Prime…
On August 15, 2025, Prime Minister Narendra Modi delivered the longest Independence Day address in…
In a powerful Independence Day address from the Red Fort, Prime Minister Narendra Modi unveiled…
In a bold and timely assertion of its growing technological and administrative competence, India is…
![](data:image/svg+xml;charset=utf-8,<svg height="225px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="34px" width="156px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
