PhonePe pips Google Pay in monthly transactions

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The Unified Payments Interface (UPI), the flagship payments platform of the National Payments Corporation of India (NPCI), has recorded over two billion transactions in October. And along with this, digital payments platforms PhonePe and Paytm have also crossed new milestones.

Walmart-backed PhonePe said it has crossed the 250 million registered user milestone. The company reported over 100 million monthly active users (MAU) and 2.3 billion app sessions in October 2020.

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