PhonePe maintains market leadership in digital payments
March 02, 2021
Processes 107 crore transactions across UPI, cards and wallets in February. PhonePe said it continues to maintain its market leadership with 97 crore UPI transactions processed in February. In all, it processed 107 crore transactions across UPI, cards and wallets last month.
“PhonePe processed more than a billion transactions for the third consecutive month in February and continues to lead the digital payments market across UPI, credit and debit card and wallets in India,” the company said in a statement.
It attributed its growth to the rapid expansion in offline payments across Tier 2, Tier 3 cities, having already digitised over 17.5 million kiranas.