In India’s Unified Payments Interface (UPI) ecosystem, PhonePe has maintained its leading position among third-party apps in February, with Google Pay and Paytm securing the subsequent spots, according to NPCI data.
PhonePe processed 9.28 billion transactions valued at Rs 13,10,392.95 crore, capturing a 45.5% volume share and 48.8% share by value. Google Pay handled 6.76 billion transactions worth Rs 9,03,051.60 crore, accounting for 33.2% volume share and 33.6% by value. Paytm recorded 1.59 billion transactions worth Rs 1,74,128.86 crore.
While February saw a slight decrease in transaction volumes for the top three apps compared to January, the UPI ecosystem processed 20,394.18 million transactions totaling Rs 26,84,229.29 crore during the month.
Other players in the fintech landscape, including Navi, Super.money, BHIM app, FamApp by Trio, and CRED, also contributed to the UPI ecosystem.
Source: Entrackr : Latest Posts