Fact Sheet - Google Pay
UPI in India
- UPI outpacing all other digital payment modes with over 1 billion transactions clocked in Oct 2019
- UPI transaction volumes have grown 60X since the launch of Google Pay
Monthly active users (MAUs)
- Google Pay achieved >3X user growth in 12 months, from 22 million MAUs in Sept 2018 to 67 million MAUs in Sept 2019
Annual run rate
- India is transacting >$110B per year (Sept. 2019 annual run rate in transaction value) on Google Pay
Impact of Google Pay in India
- Approximately 2 out of 3 transactions on Google Pay come from beyond India's 7 largest cities - from over 300,000 villages, towns and cities
Presence of Google Pay
- Google Pay users will be able to pay across 200,000 unique stores spread across over 3500 cities and towns in India , including retailers like Reliance Stores, Vishal Megamart etc.
- Google Pay is accepted at more than 3000 online merchants
No comments:
Post a Comment