The number of transactions on the Bharat Interface for Money (BHIM) UPI app was 15.8 million for the month of May 2019, up 4% from 15.2 million last month. The total value of the transactions stood at Rs 6,627.4 crore, up marginally from Rs 6,583.6 crore in April 2019, according to data provided by the National Payments Corporation of India (NPCI). The NPCI is the bank-owned organization that runs the Unified Payments Interface (UPI). Meanwhile, the Economic Times reports, citing sources, that Google Pay reported 240 million transactions, Flipkart-owned PhonePe reported around 230 million, and Alibaba owned Paytm reported 200 million in transactions. There is no data available on WhatsApp payments since its initial launch. There were 733.5 million UPI transactions in May 2019, with Rs 152,449 crore being transacted. Thus, BHIM processed only 2.1% of all UPI transactions and…
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