PhonePe nears 11 Bn monthly UPI transactions in July; CRED slips to 10th rank

•PhonePe handled 10.86 billion UPI transactions in July, a 45.89% share of total volume.

•Google Pay recorded 7.65 billion transactions, a 32.33% share of volume and 33.51% of value.

•CRED slipped to 10th rank in July with 142.10 million transactions, handling Rs 59,279 crore in value.