PhonePe had the highest UPI-based transactions in 2022 amounting to around 55 trillion Indian rupees. It was followed by Google Pay and Paytm in terms of transaction value. UPI is a payment system that puts numerous bank accounts into a single mobile application, consolidating various banking features.
Value of UPI transactions in India during 2022, by leading apps (in trillion Indian rupees)
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Inc42. (January 6, 2023). Value of UPI transactions in India during 2022, by leading apps (in trillion Indian rupees) [Graph]. In Statista. Retrieved June 01, 2024, from https://www.statista.com/statistics/1403273/india-upi-transactions-by-apps/
Inc42. "Value of UPI transactions in India during 2022, by leading apps (in trillion Indian rupees)." Chart. January 6, 2023. Statista. Accessed June 01, 2024. https://www.statista.com/statistics/1403273/india-upi-transactions-by-apps/
Inc42. (2023). Value of UPI transactions in India during 2022, by leading apps (in trillion Indian rupees). Statista. Statista Inc.. Accessed: June 01, 2024. https://www.statista.com/statistics/1403273/india-upi-transactions-by-apps/
Inc42. "Value of Upi Transactions in India during 2022, by Leading Apps (in Trillion Indian Rupees)." Statista, Statista Inc., 6 Jan 2023, https://www.statista.com/statistics/1403273/india-upi-transactions-by-apps/
Inc42, Value of UPI transactions in India during 2022, by leading apps (in trillion Indian rupees) Statista, https://www.statista.com/statistics/1403273/india-upi-transactions-by-apps/ (last visited June 01, 2024)
Value of UPI transactions in India during 2022, by leading apps (in trillion Indian rupees) [Graph], Inc42, January 6, 2023. [Online]. Available: https://www.statista.com/statistics/1403273/india-upi-transactions-by-apps/