PhonePe hits out at Paytm, says claims around UPI are "misleading"
PhonePe clarified that data around Paytm's ATV and Average Transactions per Customer (ATPC) was not available. However, based on the 21 million money transfer transactions made by Paytm customers to PhonePe users, the Bengaluru-based company had found that 40,000 unique consumers had done over 500 transactions each in February bringing the average transaction for Paytm to less than Rs 40.
Flipkart's payments platform, PhonePe lashed out at rival Paytm alleging that the latter's claims about leadership in UPI transactions were "misleading". Image source: Reutrers