 "PhonePe claims bulk of merchant UPI transactions")
Flipkart-owned digital payments company PhonePe claims that it has emerged as the largest player using Unified Payments Interface (UPI) for merchant payments, controlling close to 80 per cent of all transactions in that space.
While the government’s BHIM app continues to lead the market in terms of an overall number of transactions on UPI, it largely solves only for person-to-person payments. PhonePe. on the other hand, says it is better suited to allow people to pay merchants to buy products or services on its platform.
“For us in this business consumers and merchants are equally important. We are not only focusing on
