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Sulakshana Badri
Feb 24 2020

Video: India's growth story continues!

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Video: India's growth story continues!
<p>India&#39;s fintech space does it again!&nbsp;</p> <div data-oembed-url=""> <div style="margin-bottom:0px; margin-left:0px; margin-right:0px; margin-top:0px; max-width:320px"><!-- You're using demo endpoint of Iframely API commercially. Max-width is limited to 320px. Please get your own API key at --> <div style="height:0; left:0; padding-bottom:56.25%; position:relative; width:100%"><iframe allow="encrypted-media; accelerometer; gyroscope; picture-in-picture" allowfullscreen="" scrolling="no" src="" style="border: 0; top: 0; left: 0; width: 100%; height: 100%; position: absolute;" tabindex="-1"></iframe></div> </div> </div> <p><strong>Related: Did you know -&nbsp;</strong>India&#39;s payment gateway company Razorpay had revealed&nbsp;how upi has witnessed a significant surge in the subcontinent, with a 3X growth in transactions last year, overtaking credit cards as a preferred mode of payment.</p> <p>Based on transactions held on Razorpay platform, GooglePay continued its lead in digital transactions with a 59% share while PhonePe and Paytm contributed 26% and 7% respectively. Harshil Mathur, CEO and Co-founder of Razorpay commented,</p> <blockquote> <p>&ldquo;For the first time in the history of digitalpayments, we saw UPI overtaking cards. UPI has become the preferred choice not only for P2P (peer-to-peer) payments but also for P2M (peer-to-merchants) payments.&rdquo;</p> </blockquote>

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