The number of transactions on the Bharat Interface for Money (BHIM) UPI app was 17.2 million in September 2019, up by 2% from 16.89 million last month. The total value of the transactions stood at Rs 5,924 crore, down 3.4% from Rs 6,132 crore over August, according to data provided by the National Payments Corporation of India (NPCI). NPCI is a bank-owned organization that runs the Unified Payments Interface (UPI), among other services. PhonePe processed 380 million transactions in August 2019. In May 2019, the Economic Times reported 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 regarding its ongoing pilot. There were 955 million UPI transactions in September 2019, with Rs 161,457 crore being transacted. Thus, BHIM processed…
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