PhonePe clocks 972 million transactions on UPI in February

Bengaluru: Digital payments firm PhonePe on Monday said it has clocked close to 972 million Unified Payments Interface (UPI) transactions in February, garnering close to 42% market share on the payment infrastructure.

In January, the Bengaluru-based company had retained its market leadership in UPI for the second consecutive month by recording close to 968.7 million transactions and processing ₹1.91 lakh crore in value on the UPI payment network.

Total Unified Payments Interface (UPI) transactions in the country stood at 2.29 billion in February compared with 2.30 billion in January, showed data from retail payments organisation National Payments Corporation of India (NPCI) on Monday.