Paytm Introduces UPI Statement Download Option
by Lokesh Choudhary · Inc42SUMMARY
- Paytm has launched a new feature that lets users download their UPI transaction statements directly from the app.
- This addition is aimed at making it easier for users to track expenses, manage budgets, and prepare for tax filing, the company said in a blogpost.
- The statement includes transaction details like amounts, recipients, timestamps, and associated bank accounts, making it a handy tool for personal finance management.
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Paytm has launched a new feature which lets users to download their UPI transaction statements directly from the app.
This addition is aimed at making it easier for users to track expenses, manage budgets, and prepare for tax filing, the company said in a blogpost.
Available under the “Balance & History” section, users can download transaction records in PDF format for any selected date range or financial year, with an “Excel” download option on the way.
The statement includes transaction details like amounts, recipients, timestamps, and associated bank accounts, making it a handy tool for personal finance management.
This comes days after the Vijay Shekhar Sharma-led company posted a consolidated profit after tax (PAT) of INR 930 Cr in Q2 FY25 as against a loss of INR 292 Cr in the year-ago period. The company posted a profitable quarter on the back of the sale of its ticketing business to Zomato.
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The fintech giant’s revenue from operations fell 34% year-on-year to INR 1,1660 Cr in the reported quarter from INR 2,519 Cr in the year-ago period.
Earlier this year, the company received approval from the National Payments Corporation of India (NPCI) to onboard new unified payments interface (UPI) users.
Notably, Paytm was hit by the Reserve Bank of India’s (RBI) restrictions on Paytm Payments Bank Limited (PPBL) in January this year.
This effectively barred the company from onboarding any new UPI users on its platform as PPBL powered the fintech major’s entire UPI stack.
For context, Paytm, which accounted for a market share of 13% in terms of UPI transactions in January 2024, slipped to about 7% in October on account of curbs imposed by the RBI.
Despite the restrictions, Paytm is the third largest processor of UPI payments in the country.