India, April 27 -- Yes Bank's monthly Unified Payments Interface (UPI) transactions have surged by more than half since the bank struck the deal with fintech major Paytm last month for migrating user accounts.

Speaking at the post results press conference on Saturday (April 27), Yes Bank managing director and CEO Prashant Kumar said that the bank's monthly UPI transactions have surged by 17 Lakh to 50 Lakh since partnering with Paytm.

"Before the partnership with Paytm, we were seeing around 3.3 Mn (33 Lakh) UPI transactions and now we are seeing 5 Mn (50 Lakh) monthly transactions on UPI," said Kumar as per Moneycontrol.

It is pertinent to note that Paytm struck a deal with Yes Bank and Axis Bank for UPI payments on March 15, the same...