PhonePe Leads UPI: Market Share and Transaction Trends

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PhonePe maintains dominance with 49% market share in UPI transactions, processing 6.5 billion in April 2024.

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Market sees slight dip in overall UPI transactions, totaling 13.3 billion, with minor decrease in transaction value.

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Google Pay and Paytm maintain transaction volumes, while Paytm faces decline due to regulatory restrictions.

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Google Pay holds 37.5% market share, while Paytm's share decreases to 8.3% in UPI ecosystem.

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PhonePe leads in transaction value with nearly 51%, followed by Google Pay at 35% and Paytm at 5%.

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Regulatory restrictions impact Paytm's UPI transactions, leading to decline in active users.

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New players like CRED, Amazon Pay, and Fampay emerge, reshaping UPI landscape with significant transaction volumes.

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