PhonePe corners 49% share in UPI space in April

PhonePe has retained its leadership in the unified payments interface (UPI) ecosystem with a market share of nearly 49% in April across peer-to-peer and peer-to-merchant transactions. The company has maintained leadership in overall UPI transactions for more than 40 months now.

According to data issued by the National Payments Corporation of India (NPCI), PhonePe clocked 6.5 billion transactions through UPI out of the total 13.3 billion transactions. In terms of value, the company clocked transactions worth Rs 10 trillion.