Paytm has received NPCI nod to function as a third-party UPI app. Here are some other key players in the market for same service.
Amazon Pay provides this service in collaboration with Axis Bank, Yes Bank and RBL Bank. It is the sixth most used third party UPI app.
Google Pay works with leading banks like Axis Bank, HDFC Bank, ICICI Bank, and State Bank of India. It has the second-highest market share.
Phonepe, works in collaboration with Axis Bank, Yes Bank, and ICICI Bank. It is the leading player in the third party UPI space.
TataNeu has partnered solely with ICICI Bank. It is yet to gain substantial market share.
It is the fourth biggest player in the third party UPI market. It has partnership with Axis Bank.
WhatsApp has partnered with ICICI Bank, Axis Bank, HDFC Bank, and State Bank of India and its market share ranking is 12th.