Walmart’s PhonePe zips past Google Pay in India as UPI tops 2B monthly transactions

UPI, a four-year-old payments infrastructure surpassed 2 bn transactions Oct'20, sand for the first time Google Pay did not drive the most volume of UPI transactions, Its PhonePe who recorded 835 mn UPI transactions in Oct'20, where Google Pay hit about 820mn, Paytm recorded about 245mn and Amazon Pay about 125mn

PhonePe has recently seen a surge as more offline shops open and merchants and consumers opt for a digital alternative to complete transactions.

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