UPI (Unified Payments Interface), was successful in performing really well, especially post the pandemic, as it was able to cross a billion transactions in a month. While UPI was able to cross this milestone, National payments corporation of India was witness to a 21 per cent fall in transactions in April as opposed to previous months, due to the implications of the Coronavirus.  

Earlier, PhonePe was at the top of the leaderboard when it came to processing and volume and amount by the means of UPI, they were followed by Google Pay, and then Paytm. Post this, Google Pay increased its momentum and was able to be the top UPI based apps for payment when it came to Peer-to-Peer payments. PhonePe was at the top when it came to Peer-to-Merchant services.  

UPI was able to manage 999.57 million transactions, whereas Google Pay managed 430 million in P2P transactions.  

The lockdowns may reduce the volumes, but all three apps provide a means for people to donate to the PM Cares Fund. WhatsApp pay is also trying to roll out its UPI based systems for payments, however, it is waiting for complete approval from the government.