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UPI payment applications PhonePe and Google Pay handled over 82% of all UPI transactions by volume in June. Sliding to the third position, Paytm controlled 6.9% of the total UPI volume, according to the data released by NPCI on Thursday.
ET reported that the UPI network saw 18.4 billion transactions worth Rs 24.04 lakh crore in June.
PhonePe has maintained consistency and dominance in the space with 8.55 billion transactions and a total value of Rs 11.99 lakh crore. It held 46.5% of the total UPI volume and nearly 50% of the value. On its way to…
