Google Pay leads in UPI transactions by value

Google Pay has taken the pole position on the Unified Payments Interface (UPI) platform in terms of value of transactions by a margin of around 25%. The development comes even as rival Paytm continues to be a leader in terms of transaction volumes, closely followed by PhonePe and Google Pay.
Google Pay clocked payments worth Rs 43,000-Rs 45,000 crore in March, ending the financial year on a high, according to two industry executives tracking the space. Both PhonePe and Paytm are said to have done transactions worth Rs 31,000-32,000 crore each, with PhonePe being marginally ahead of Paytm.
In terms of volumes, Paytm continues to be ahead of PhonePe and Google Pay, but the gap is quite narrow. Google Pay, PhonePe and Paytm, which now process 80-90% of UPI transactions, clocked 221-225 million transactions each in March out of the total 800 million.