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.
