News > PhonePe Continues to Lead UPI Payments Space With 42% Share, Paytm Remains Distant Third

PhonePe Continues to Lead UPI Payments Space With 42% Share, Paytm Remains Distant Third

Digital payments company PhonePe has said the platform emerged as the largest player on UPI merchant (P2M) transactions capturing over 42 percent of the overall market share in February 2021. The latest data on the National Payments Corporation of India (NPCI) website shows that the digital payments platform had witnessed over 975.53 million UPI transactions.

The National Payments Corporation of India (NPCI) website shows that roughly 2,292 million UPI transactions worth Rs 4,25,062 crores took place in India last month.