UPI In May: PhonePe, Google Pay See Marginal Decline In Market Share

by · Inc42

SUMMARY

  • While PhonePe continued to lead with 1,073.5 Cr transactions worth ₹14.67 Lakh Cr during the month under review, its market share declined to 46.5% in May from 47.1% in April
  • Vijay Shekhar Sharma-led Paytm processed 183.6 Cr transactions worth ₹1.99 Lakh Cr in May as against 177.8 Cr transactions worth ₹1.90 lakh Cr in April
  • While the top players saw a decline in market share, smaller UPI players like WhatsApp, MobiKwik, Kiwi, among others, saw their cumulative market share jump to 4.3% this month from 2.4% in April