Both Paytm and PhonePe offer 11 Indian languages, including English. Paytm CEO Compares His Challenges to Elon Musk's Tesla After Anticlimactic IPO Debutīut the next option could matter more when it comes to reachability. A digital wallet may also help in keeping overall bank statements less cluttered. On the other hand, Google Pay offers no wallet, and the money continues to get deducted from the bank. However, both Paytm and PhonePe offer wallet services that let users store money for prepaid payments. 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). Check out our broad comparison to see which app is the best one for you.įeatures: Google Pay, PhonePe, and Paytm all offer UPI payment method. The three have become synonymous with the digital transaction in the country, but there might be some elements missing here and there.
Among the most popular apps in India include PhonePe, Paytm, and Google Pay. With the introduction of UPI and the push for digital payments amid the COVID-19 pandemic, it seems every fintech company wants to join the bandwagon offering these services. Digital payments in India continue to grow, so does the competition between apps offering these services.