According to the National Payments Corporation of India (NPCI) data, Flipkart -backed Super Dot Money Unified Payments Interface (UPI) has become the fifth largest third party company. He processed 13.91 crore transactions in less than a year of starting operations in February.
Bangalore’s Fintech firm, which is offering cashback on UPI transactions, surpassed Crade, which processed 12.64 crore transactions during February. Phonpe, who is going to bring an IPO, maintained a 47.54 per cent stake on the real -time payment system while processing 7.65 billion transactions. This is followed by Google Pay’s 36.24 percent market share with 5.83 billion UPI payment.
Paytm processed more than one billion transactions and at the end of the month he had a 6.7 per cent market share. Meanwhile, Navi won 1.62 per cent market share on UPI. The Fintech firm processed 26.07 crore transactions. In February, the volume of UPI transactions saw a decline of 5 per cent.
First Published – March 13, 2025 | 10:13 pm IST