From 41% in January 2017, BHIM's share of transactions in overall UPI has fallen to just over 2% in June 2019. Competition from private players has led to this.

To check if a merchant accepts UPI, travelers can look for the BHIM UPI logo at the outlet or confirm with the cashier. To activate UPI for international use open your UPI app.

PhonePe and Bhim together account for over 87% of UPI transactions. “As per the latest data released by NPCI , the total volume of UPI transactions in August, 2017 was 16.6 million.

According to the NPCI, which runs the BHIM app, its share of all UPI transactions in July 2018 stood at a mere 14.5 percent. The data showed that ₹6,692 crore was transferred through the BHIM ...