In November 2020, BharatPe toppled Google Pay to become the 3rd largest player in the Merchant UPI payment acceptance space. The company recorded INR 3,334 crores (US$ 479 million) in transaction value and processed 6.15 crores transactions in November 2020. BharatPe outgrew the market consistently and doubled its market share in the UPI P2M merchant payment acceptance category since April 2020. In November 2020, BharatPe reached an all-time high of 5% market share by transaction value and 7% market share by transaction volume. The volume of transactions processed by BharatPe standalone in November 2020 was greater than the combined UPI P2M transaction volume of JIO, Zomato, Swiggy, CRED, FlipKart, CashFree, IRCTC and MPL.



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