Editor's Update: Several senior payments industry sources have contested Paytm's claims privately to MediaNama, but none of them want to come on record about it. Following this, MediaNama also contacted NPCI, and they've declined to comment on company specific information. We would advise readers to exercise caution when taking these numbers into consideration. Earlier: Paytm clams to have processed 70 million UPI based merchant transactions out of the total 120 million transactions in the country in May 2019, reports Mint. The digital payments firm said that it was the “leader” in merchant-based UP transactions with 60% of the total market share, and seeing a 10% monthly growth rate in this segment. The company also claimed that 12 million offline merchants accepted payments via Paytm BHIM UPI. Paytm's senior VP Deepak Abbott told ET that the firm is planning to invest around…
