Iโve 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.
Ajink
๐ฅดย โขย 1d
simple
google pay is just an upi app nothing more
rest all are building ecosystem like train ticket movie share market etc
normal user dont need this much
google pay is simple to use
๐จ Market Share of UPI Apps (July 2024)
โข PhonePe - 48.3%
โข Google Pay - 37%
โข Paytm - 7.82%
โข Others - 6.88%
CRED is Now The 4th Largest UPI Player.
1 replies6 likes
Inactive
AprameyaAIย โขย 7m
๐จ UPI market share in July, 2024. (NPCI)
PhonePe - 48.3%
Google Pay - 37%
Paytm - 7.8%
Others - 6.9%
What do you use?
Tired of sharing your QR Code or UPI ID manually? Generate a secure UPI payment link in just a few clicks and start receiving payments instantly. Works seamlessly with Google Pay, PhonePe, Paytm, and all UPI apps.
https://upi.liveyst.com/
๐จ Seriously Even India has 13K+ Active train's for mahakumbh but still not able to full fill demand of normal people's even Ac 1st class is full and people's are purchasing โน5000 ticket easily.
We need train start-up ๐คฃ
0 replies3 likes
Chamarti Sreekar
Passionate about Pos...ย โขย 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.
1 replies14 likes
Vishnu kumaran
Design guide for you...ย โขย 3m
Why does capturing the market matter more than anything?
Let's take UPI as an example. While other UPI apps took time to build an excellent, cutting-edge product, Google Pay and PhonePe started by releasing their MVP first and later improved their
ONDC can expand to the following
- Hotel booking
- Train ticket booking in partnership with IRCTC
- Intercity bus booking
- Rental Cars
- Food and Dining
- Movie Ticket Booking
- Event Booking
- Fitness : onboarding of gyms, fitness class bookin
Google Pay now charges 0.5% to 1% (plus GST) for bill payments made via credit and debit cards, while UPI bank transfers remain free. Competitors like PhonePe and Paytm also charge similar fees.
Fintech firms face high UPI processing costs, totaling
India may have created huge technologically advanced Startups based on UPI but in reality it's no more Indian to be honest . US Monopolies in Indian Market in every important sectors.
๐Just take a look.
PhonePe (Owned by Walmart, USA) โ 48.9%
Goog
