PhonePe’s UPI share expands, Paytm sees marginal rise in txn volume in May

Fintech major PhonePe has continued to expand its market share on the Unified Payments Interface (UPI), with the company cornering about 49.2 per cent share of the UPI pie in May, according to data from the National Payments Corporation of India (NPCI).

The Bengaluru-based digital payments and financial services company has maintained its streak of growth on UPI with its share increasing from 47.35 per cent in February this year.

The firm processed 6.83 billion transactions last month amounting to Rs 10.33 trillion.