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Paytm records 5.5 bn transactions in FY19, plans expansion in Tier 4-5 cities

The digital payments platform, Paytm, recently claimed that the firm had reached a gross transaction value of over $50 billion while marking 5.5 billion transactions in the Financial Year 2019. The firm witnessed growth due to the increased use of the app due to its various uses, like booking tickets and paying bills. The senior vice president of Paytm, Deepak Abbot said the firm is planning to expand to Tier 4-5 cities.