The latest numbers for January 2019 have revealed that Paytm led UPI transactions in the country, followed by Google Pay and PhonePe.
Paytm clocked over 221 million transactions, whereas Google Pay and PhonePe were near 220 million each.
The overall UPI platform clocked nearly 672 million transactions in January 2019, up from 620 million in December.
How is the BHIM App performing?
The government promoted app BHIM, on the other hand, has been losing steam over private non-banking apps over the past few months. According to the numbers released by NPCI, BHIM logged 14 million transactions in January 2019, down from 17 million in December 2018. However, the amount of funds settled on BHIM is still highest, which clearly states that people are using despite the fact that incentives have dwindled.
In January, the average transaction value on BHIM stands at Rs 4,436, which is more than other platforms.