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Google Pay tops UPI transactions in May

Google Pay recorded more than 240 Mn transactions in May, taking the top position in UPI transactions for May. Flipkart-owned PhonePe took the 2nd position after gaining 230 Mn UPI payments last month, while Paytm earned 200 Mn transactions. These three digital payment platforms and central government supported Bharat Interface for Money (BHIM) were responsible for more than 93% of the UPI transactions market.