The Unified Payment Interface (UPI) has seen a steady rise in value and volume since inception, but the share of the government’s Bharat Interface for Money (BHIM) app has dropped significantly.
The BHIM app, since inception, led the pack with a 40 per cent share in UPI volumes. However, its share dropped to 25 per cent in September and has continued to fall to 10 per cent in October and 8 per cent in November, according to the data released by the National Payments Corporation of India.
Despite BHIM’s steady rise in value and volume, it has been unable to keep pace
