I’ve noticed that even though we have Indian apps like Paytm and PhonePe, a lot of customers still prefer using Google Pay. It makes me wonder why foreign companies still have such a strong hold in India.
I’ve noticed that even though we have Indian apps like Paytm and PhonePe, a lot of customers still prefer using Google Pay. It makes me wonder why foreign companies still have such a strong hold in India.
10 replies12 likes
PRATHAM
Experimenting On lea... • 12m
Google Pay + Paytm = PhonePe 💥
What made PhonePe succeed in this market with such competitors❓
Reply what you think about it 🤔👇
26 replies10 likes
Chamarti Sreekar
Passionate about Pos... • 2m
UPI Market Share,December 2024
1- PhonePe - 47.7%
2- Google Pay - 36.7%
3- Paytm - 6.87%
4-Others - 8.73%
Phonepe alone have almost 50% market share.
🚨 Market Share of UPI Apps (July 2024)
• PhonePe - 48.3%
• Google Pay - 37%
• Paytm - 7.82%
• Others - 6.88%
CRED is Now The 4th Largest UPI Player.
1 replies6 likes
Uttkarsh Singh
Learning • 1y
Google pay is shutting down its US business, Paytm is already struggling here in India, Google playstore is delisting some apps but in all this; PhonePe is launching the Indus App store, interesting 🙂
8 replies14 likes
Laxit Rana
•
Repute • 6m
Finished implementing phonePe in my company and to my surprise total merchant traffic of phonepe was more than of Paytm, Amazon Pay, flipkart seller and Bharatpe all combined. we may be using Gpay or Paytm for day to day transactions but it's PhonePe
As you see in the picture , UPI is skyrocketing since 2016 to 2024 to approx . 8B transactions .
• companies like Phonepe,Google pay are dominating the market with atleast 80% market share , Paytm market share fall from 13 to 9%.
• Government will