WhatsApp Doubles Transactions In December; PhonePe Takes UPI Market Lead
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India, Jan. 19 -- Despite launching in November 2020, Facebook-owned WhatsApp Payments (WhatsApp Pay) has managed to double its UPI transactions volume in December 2020, even as PhonePe and Google Pay maintained a commanding lead in the market. With a total of 2.2 Bn transactions worth INR 4.16 Lakh Cr processed in December, the UPI tally matched the November 2020 numbers.
WhatsApp Pay processed 0.81 Mn UPI transactions worth INR 29.72 Cr, which is double in terms of both volume and value compared to November, while PhonePe processed 902.03 Mn transactions and Google Pay was second with 854.49 Mn transactions, according to the latest data released by the National Payments Corporation of India (NPCI)
PhonePe overtook Google Pay after the...
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