Walmart’s PhonePe In Lead | PhonePe app wins digital transaction, WhatsApp suffers huge loss, see full list of other apps

WALMART’S PHONEPE IN LEAD

WALMART'S PHONEPE IN LEAD

WhatsApp payment feature suffered in January 2021. in step with information from the Unified Payment Interface (UPI) discharged by the National Payment Corporation of Asian country (NPCI), UPI-based digital transactions from WhatsApp square measure registering a decline of nearly 31 per cent in January 2021 as compared to December 2020. throughout this era, there have been 5,60,000 transactions, that was 8,10,000 in December. On the opposite hand, PhonePe remains a unceasingly leading UPI app. Its market share is 41.21 percent. In January 2021, there are around 2.35074 billion transactions from

a complete of 56 UPI apps. once PhonePe, Google Pay comes another name during this list.

Over consequent decade, digital payments square measure attending to become a lot of accessible to consequent billion users. Our goal is to facilitate this alteration by building payment solutions for this user base.

WALMART’S PHONEPE IN LEAD

Awards &
Accolades

WALMART'S PHONEPE IN LEAD

1.Excellence in WealthTech

Third ET BFSI Innovation Tribe Virtual Summit & Awards (APAC edition)

2.Telecom &
Technology

Best campaign below the
Telecom & Technology class
at the IndIAA Awards 2018

3.India Retail
and e- Retail

PhonePe proclaimed as a
winner at eighth Annual Asian country
Retail and e- Retail Awards 2019

4.IAMAI Digital
Award 2019

IAMAI ninth Asian country Digital
Awards 2019

WALMART’S PHONEPE IN LEAD

Transaction details from the remainder of the app

WALMART'S PHONEPE IN LEAD

1.India has the best UPI dealing from Google Pay in January once PhonePe. Google Pay has received 853.53 million transactions price Rs one,77,791.47 crore. The dealing price of Google app multiplied by 0.1 p.c to 854.49 million in December from Rs 176,199.33 large integer in December. Google Pay’s market share stood at 36.31 per cent in January.

2.Paytm Payment Bank has been hierarchal third with 281.18 million transactions. This junction rectifier to a complete dealing of Rs 33,909.50 large integer in January. Paytm Payments had a market share of 14.15 per cent throughout this era. it’s seen a rise of 8.6 p.c in December against a 9.6 p.c increase.

3.Amazon Pay has received 46.30 million transactions. it’s priced at Rs 4,044.38 crore. Also, the market share was 1.97 percent.

4.NIMI’s BHIM app received 23.38 million transactions price Rs 7,462 large integer in January. it’s recorded a fall of 5.72 per cent. The UPI dealing in January 2022 in Asian country has registered a growth of 3.06%.

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