PhonePe captures 50% of UPI market by value, Navi surpasses Amazon Pay on volumes

Quick Summary:

In August, PhonePe processed payments worth Rs 10,33,264.34 crore.

In terms of the number of transactions, PhonePe processed 7.23 billion transactions in August, which accounted for 48.36% of all transactions on UPI.

However, despite Navi’s higher transaction volume, Amazon Pay still leads in transaction value, processing Rs 3,092.89 crore more than Navi.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Phonepe Navi Payments August Amazon Market Processed Terms Transaction Transactions Crore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 13:55:52 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 22568135

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 19 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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