Google and Walmart establish dominance in India’s mobile payments market

Most surprising is how far Paytm, the pioneer of digital payments in India, has fallen behind. From the article:

Google Pay had more than 75 million transacting users last month, ahead of PhonePe’s 60 million users, people familiar with the companies’ figures told TechCrunch. In comparison, SoftBank -backed Paytm’s app saw 30 million transacting users last month.