Which is better Google Pay or phone pay?

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. PhonePe now has a 45.27\% market share in the UPI ecosystem while Google Pay’s market share is 34.67\%.

Which one is safe PhonePe or Google Pay?

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.

Which is best Google pay or Paytm or PhonePe?

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.

Is Google Pay good?

Google Pay is a good option if you wish to have mobile payment, cards, money management features in one single app. For the time being, the several features still lack in value when compared to other stand-alone apps for budgeting, cash-back offers, and P2P payment services available in the market.

Which is better Google Pay or PhonePe or Paytm?

Why should I use Google Pay?

Google Pay is a safe, convenient and healthy way to pull your frequently used rewards credit cards and debit cards — as well as your customer loyalty cards — into one app. You can streamline that bulky physical wallet, reduce the risk of lost credit cards and ramp up your rewards with this easy- to-use payment system.

Which payment app is safe?

Google Pay (Tez) – A simple and secure payment app As of November 2020, Google pay has 960.02 million transactions in volume with Rs 1,61,418.19 Cr in transaction value. Using Google Pay, users can send money to friends, pay their bills, shop online, recharge, or pay at the nearby café, etc.

Is Google Pay better than Paytm for digital transactions?

However, Google Pay has long been leading in the UPI transactions while Paytm is usually more advisable for merchant payments. It seems a close battle between Google Pay and Paytm for digital transaction users. On the other hand, PhonePe grabbed the headlines in January for its unique feature of PhonePe ATM that allows users to withdraw cash.

Is Paytm better than Google Pay and PhonePe in UPI?

It would be safe to conclude Google Pay easily leads the UPI transactions while Paytm takes the leap in other payments. Moreover, PhonePe remains a number two, but a significant player impacting the industry dynamics. Do share your thoughts on this mobile payment battles between Paytm vs Google Pay and PhonePe in the comments below.

What is the difference between PhonePe and Google Pay?

On the other hand, PhonePe grabbed the headlines in January for its unique feature of PhonePe ATM that allows users to withdraw cash. As per a Razorpay report’s, Google Pay had accounted for nearly 59.75percent of all UPI transactions in August 2019.

Is Google Pay the best payment app in 2021?

There is a lot more coming up with Google Pay app like a personal loan and insurance policy. Google Pay has recorded more than 853.5 million transactions in Jan 2021. Which is the highest and beat the PayTm who did 1.2 billion transactions.