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Google Pay leads UPIs in digital payments, Amazon Pay most favoured wallet

All the findings in this report are based on transactions held on the Razorpay platform from January 2018 to December 2019

Google Pay | Unified Payments Interface | Digital Payments

Peerzada Abrar  |  Bengaluru 

Representative Image
Representative Image

Among UPI (unified payments interface) apps, contributed 59 per cent and Walmart-owned facilitated 26 per cent, followed by Paytm (7 per cent) and (6 per cent) in digital transactions in 2019, according to fintech firm Razorpay’s report ‘The Era of Rising Fintech.’ The report provides an in-depth study of a rapidly evolving fintech ecosystem in India and analyses the patterns of digital transactions and the impact of industry innovations, such as UPI, which are harnessing a digitally inclusive economy. In 2018, contributed 48 per cent and facilitated 27 per cent in digital transaction, followed by (15 per cent) and Paytm (4 per cent).



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First Published: Mon, January 27 2020. 18:54 IST