India's digital payments firm PhonePe leads UPI transactions in January

Digital payments firm PhonePe retained its lead in Unified Payments Infrastructure (UPI) payments, clocking a record 968.7 million transactions in January, up 7% sequentially, and processing a total value worth 1.92 trillion, beating rival Google Pay.

PhonePe processed close to 42% of overall UPI transactions, which stood at 2.3 billion in January, and 44% in terms of overall payment value.

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