India, April 23 -- IPO-Bound PhonePe retained its top position in the UPI ecosystem in March, with its transactions jumping 88% to 1,050 Cr from 928 Cr in February.

As per the NPCI data, the fintech giant, which has postponed its IPO plans due to the West Asia conflict, processed transactions worth Rs.14.48 Lakh Cr during the month under review, a rise of 90% from Rs.13.1 Lakh Cr in February. 

Notably, UPI transactions touched an all-time-high at 2,264 Cr last month. The value of the transactions stood at Rs.29.53 Lakh Cr. 

Google Pay and Paytm followed PhonePe in the UPI ladder in March, with 753.5 Cr and 177 Cr transactions, respectively. Google Pay's market share declined to 33.5% from 34% in the previous month. Meanwhile,...