 "Paytm founder Vijay Shekhar Sharma")
A week after Vijay Shekhar Sharma-led Paytm staked claim to being the country’s largest Unified Payments Interface (UPI) platform, Flipkart’s digital payments arm PhonePe has hit back saying that Paytm’s claim of being the leader is "uni-dimensional and misleading".
In a blog post published on Thursday, PhonePe said that while Paytm had a larger volume of transactions on UPI, the average value per transaction on Paytm was paltry in comparison to its own. Moreover, PhonePe says the total value of UPI transactions it did in February was far higher than Paytm’s.
“We believe that the recent media narrative has been
