"Paytm is 30-50 per cent larger than its competition. Dominates digital payments with over 1.2 billion monthly transactions led by growth in merchant payments," Paytm vice-president Narendra Yadav said.
The report claimed India was ahead of China with 25.5 billion real-time payments transactions in 2020, compared to the northern neighbour's 15.7 billion.
"We are kicking off our most aggressive national marketing campaign ever, starting with IPL 2021 next month," Sameer Nigam, Founder & CEO, PhonePe, said in a statement.
Prasad said the government also intends to lay BharatNet in villages all over India and the prime minister wants this to be accomplished in the coming 1000 days.
Paytm said it will provide listing and distribution of these mini-apps within its app without any charges. For payments, developers will be able to give a choice of Paytm Wallet