India, Feb. 21 -- In January, NPCI's Bharat Interface for Money (BHIM) surpassed Kunal Shah-led CRED as well as FamApp in terms of UPI transaction volume by recording 17.2 Cr transactions worth Rs.22,025.9 Cr in the month under review.

The app's market share also increased to 0.8% in January from 0.7% in December.

As per NPCI's data, total UPI transactions for January stood at 21.7 Bn transactions worth Rs.28.33 Lakh Cr - recording a fresh all-time high.

Months after seeing a marginal decline in its market share, PhonePe recorded a slight surge in its transaction volume to 991.3 Cr in January. The company recorded a market share of 46.6% in the month under review, from 45.3% in December. Its transaction value for the month stood at Rs....