Google Pay, the search and tech giant’s Unified Payments Interface (UPI), has crossed the 150 million user mark.
On its quarterly earnings call, Google CEO Sundar Pichai welcomed the milestone and praised India’s digital payments initiative, saying it was “certainly the reason this all started.”
“We have 150 million users in 40 countries using Google Pay,” Pichai said. “We make sure it’s functional, works well, and is easy to use across all sites. Then over time, we’ll innovate and build new digital experiences,” he added. He stressed the importance of building scale and simplicity and said a solid foundation would be the cornerstone for the team to build “other useful features.”
Earlier this month, WhatsApp announced that its UPI service had added another 60 million users after the National Payments Corporation of India (NPCI) approved the required additional bandwidth. WhatsApp said it will now expand the service to 100 million users.
Meanwhile, Indian digital payments company PhonePe announced that it processed more than 100 million transactions in a single day. PhonePe is currently the leader in the UPI market in India, accounting for 47 per cent of monthly transactions. PhonePe said it processed more than 2.5 billion transactions in a month, with payments totalling $780 billion a year.