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

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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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