Top 3 players processed 93% of all transactions on UPI in July: NPCI

The top three players on India’s flagship payments platform, Unified Payments Interface (UPI), processed 93 per cent of all such transactions in July, according to data from the National Payments Corporation of India (NPCI).

Walmart-backed fintech major PhonePe continued its streak as the largest player in the UPI ecosystem with a market share of 48.38 per cent. The Bengaluru-based company processed 6.98 billion transactions amounting to Rs 10.28 trillion in July.