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WhatsApp pay doubles its UPI transactions

January 19, 2021

WhatsApp pay doubles its UPI transactions

Facebook-claimed WhatsApp Pay multiplied its UPI exchanges volume in December, short of preparing 1,000,000 payments.

Notwithstanding a deferred passage into the quickly developing Unified Payments Interface (UPI) environment, WhatsApp Pay prepared 0.81 million UPI transactions worth ₹29.72 crore, an over 100% increment in both volume and worth contrasted with November, information delivered by the National Payments Corporation of India (NPCI) appeared.

Adversaries PhonePe and Google Pay handled 902.03 million and 854.49 million exchanges, individually.

Walmart Inc.- claimed PhonePe overwhelmed Google Pay as the most-utilized UPI application in the month, encouraging exchanges worth ₹1.82 lakh crore, with a piece of the overall industry of 40%. Together PhonePe and Google Pay handled near 80% of generally speaking volumes on the NPCI-possessed continuous retail payments platforms, with Paytm Payments Bank App being the following most used platform, preparing 261.09 million payments.

An aggregate of 2.2 billion exchanges worth ₹4.16 lakh crore were handled on UPI in December.

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