In Feb, 54% of UPI transactions on PhonePe were by merchant partners, with highest success rate, said Nigam
Bengaluru: Fintech startup PhonePe, which pipped Google Pay to emerge as the top payments intermediary by volumes on the Unified Payments Interface (UPI) last December, will continue to add new users, despite the National Payments Corp. of India (NPCI) mandating 30% market cap for digital payment firms on UPI.
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