Which is best Paytm or PhonePe or Google Pay?

If we look at the adoption, PhonePe had the most number of UPI transactions in September 2021 (1,653.19 mn), followed by Google Pay (1,294.56 mn) and Paytm (462.71 mn). On the other hand, Google Pay offers no wallet, and the money continues to get deducted from the bank.

Which is more popular PhonePe or Paytm?

PhonePe overtook its arch-rival Google Pay in terms of UPI transaction volume and value in December 2020 and the home-grown digital payments firm has since maintained its numero uno status. In the top five UPI apps, Paytm Payments Bank holds the third position followed by Amazon Pay and Yes Bank apps.

Which gives more rewards Paytm or Google Pay?

Google Pay and Paytm both are equally good mobile payment wallet. However, when we actually make comparison Google pay wins over Paytm.

Which is safe Google Pay or PhonePe?

Since both are based on UPI, both can be considered as good. But if you pick one from the list, we can say that PhonePe is much more reliable than Google Pay.

How Google pay works in India?

Google Pay can be used for transactions in any bank in India that supports BHIM UPI. For offline stores/shops, you can simply scan the QR code to make the payment. When making an online payment on shopping websites and apps like Amazon or Myntra, you can pay using your Google Pay UPI ID.

Is Google Pay secure in India?

The National Payments Corporation of India has confirmed in a statement that Google Pay is completely safe, secured, and is an authorised Third-Party App Provider (TPAP) to the NPCI.

How many users does Google Pay have in 2019?

According to Sajith Sivanandan (Managing Director & Business Head) at Google Pay, “The company’s growth has tripled in terms of monthly active users and are at 67M monthly active users as of September 2019.” Utilities: UPI payments, Bill payments- phone, DTH service, gas, ticket booking- train, bus, flight etc.

How has Paytm evolved over the years?

Initial functionalities included bill payment for mobile, DTH service, and online purchase. Since then, Paytm has evolved as a sophisticated mobile payment application with a recorded 250M+ users in the mere extent of 8 years and a robust capacity of 5000 transactions per second.

What do Paytm’s weekly active users and weekly active customers mean?

An analysis of the weekly active users and weekly active customers showed that Paytm saw a maximum number of people who are actually using the app for making the payment. Weekly active users are those who simply access the platform while weekly active customers are people who actually transact on a platform.

Is Paytm a threat to PhonePe and PhonePe?

Paytm however has a higher market share than the competitors. Bloomberg report 2019 states that PhonePe poses a valid threat with increased 290M transactions. Based on efficacies and market value, all three seem to be at a deadlock of sorts.