PhonePe leads UPI transaction volume in Jan

BENGALURU : Bengaluru-based digital payments firm PhonePe continued its lead on Unified Payments Infrastructure (UPI) payments, clocking the highest volume of 968.7 million transactions in January, up by 7% from December 2020, and processing a total value of ₹1.92 trillion, beating rival Google Pay.

PhonePe processed close to 42% of the overall UPI transactions, which stood at 2.3 billion in January 2021, and 44% in terms of overall payment value.

Google Pay didn’t show much change in terms of transaction count as it processed close to 853.5 million (37%) UPI transactions in January, compared with 855 million in December 2020.