PhonePe tops UPI market share in August

Walmart-owned PhonePe clocked in 7.23 billion UPI transactions worth Rs 10.33 lakh crore during August, which translated to a leading market share of 48.4% by volume and 50.1% by value, according to the latest data from the National Payments Corporation of India (NPCI).

In July, PhonePe’s market share by volume stood at 48.3% and that by transaction value was at 49.8%.