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Google and Walmarts PhonePe establish dominance in Indias mobile payments market as WhatsApp Pay struggles to launch

In India, its Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pays rollout.
In May, more than 75 million users transacted on Google Pay app, ahead of Walmart -owned PhonePes 60 million users, and SoftBank -backed Paytms 30 million users, people familiar with the companies figures told TechCrunch.
Google still lags Paytms reach with merchants, but the Android -maker has maintained its overall lead in recent months despite every player losing momentum due to one of the most stringent lockdowns globally in place in India. Google declined to comment.
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