Walmart’s PhonePe zips past Google Pay in India as UPI tops 2B monthly transactions

UPI, a payments infrastructure built by India’s largest banks, surpassed 2 billion transactions last month, exactly a year after hitting the 1 billion monthly transactions milestone. Driving the transactions for UPI — which has become the most popular digital payments method in India thanks to its open architecture that allows interoperability between all participating payments […]

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