šØ Market Share of UPI Apps (July 2024)
ā¢ PhonePe - 48.3%
ā¢ Google Pay - 37%
ā¢ Paytm - 7.82%
ā¢ Others - 6.88%
CRED is Now The 4th Largest UPI Player.
UPI based payment gateway for developers.
I want to enable UPI payments on my website. Which solution can I use? Paytm, Razorpay, Phonepe required documents proving you are a registered business. But I'm a dev, don't have any registered business. Loo
A few days ago, Flipkart introduced its new UPI service, Supermoney.
ā®ļøThe interesting part: Let's go back a few years -
Dec, 2015: 3 former Flipkart exec's start PhonePe.
Apr, 2016: Flipkart acquires PhonePe for $20 M.
Aug, 2018: Walmart acquires
Case Study: PhonePe ā India's UPI Leader
Founded in 2015, PhonePe dominates India's digital payments landscape.
Stats:
Users: 350M+ registered
Market Share: 40%+ of UPI transactions
Business Model: Transactions, financial services, advertising.
R
As you see in the picture , UPI is skyrocketing since 2016 to 2024 to approx . 8B transactions .
ā¢ companies like Phonepe,Google pay are dominating the market with atleast 80% market share , Paytm market share fall from 13 to 9%.
ā¢ Government will
See More
4 replies3 likes
Ashish Singh
StealthĀ ā¢Ā 1m
PhonePe is set to launch its IPO, showcasing impressive revenue growth of 74% year-on-year, reaching INR 5,064 crore in FY24. With a 50% market share in India's UPI transactions, it faces competition from Google Pay and Paytm. While the company's lea