Tech
PhonePe, Google Pay’s UPI Lead Softens Amid Record High Volumes
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SUMMARY
PhonePe processed 941.2 Cr transactions worth INR 13.06 Lakh Cr in October, with its market share slipping to 46.3% from 46.4% in September
With 716.5 Cr monthly transactions, Google Pay’s market share slipped to 35.2% from 35.4% in September.
Meanwhile, the third-largest UPI app Paytm saw its market share inch up to 7.5% with 152.3 Cr transactions worth INR 1.67 Lakh Cr, accounting for 7.2% of total UPI value
The onset of the festive season and the rollout of GST 2.0…
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