Walmart-backed PhonePe maintains its lead in UPI payments amid declining transactions

PhonePe, the digital payment company owned by Walmart, has yet again grabbed the highest share of transactions powered by Unified Payments Interface (UPI), the government-backed digital payment mechanism, cementing its position as the top app for such payments. In May, the Bengaluru-based payments firm accounted for 45.3% of all UPI transactions in terms of value, and 47.4%, in terms of…
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