In the United Payments Interface (UPI) segment, digital payments platform PhonePe once again led the way in India, handling over 10.33 billion transactions in the month of April, as per NPCI UPI April Data.

Key Highlights

• PhonePe processed over 10 billion UPI transactions, maintaining leadership in India’s digital payments ecosystem.
• Google Pay and Paytm retained second and third positions in NPCI UPI April transaction rankings.

During the month, UPI registered 22.34 billion transactions, which is down marginally from the record 22.64 billion transactions it handled in March. The payments ecosystem continued to show strong momentum in both merchant payments, and peer-to-peer payments, despite the marginal declines.

In April, PhonePe transaction volume contribution grew to almost 46.2% of the total UPI transaction volume. As per transaction value, the platform had approximately 49.3% of the market share for the payments worth Rs 14.31 lakh crore. The month's transaction volume hit the 10 billion threshold for the first time in March when it processed 10.5 billion transactions.

Google Pay also held the second position in the UPI market with 7.36 billion transactions in the month of April, accounting for 32.9% of the total transactions. Google Pay accounted for almost 33.5% of the transaction with the value of Rs 9.72 lakh crore.

Paytm was the third largest UPI player with 1.77 billion transactions in the month. This fintech platform got about 8% of the total volume and about 6.7% of the value of the market.

Navi exceeded 801 million transactions, making it an emerging player to watch in the rapidly expanding digital payments sector, BHIM had around 210 million transactions and super.money had 369 million transactions in April.

Smaller but rapidly growing platforms also continued gaining traction. FamApp by Trio processed nearly 183 million transactions, while CRED handled 157 million transactions worth Rs 56,569 crore. Despite lower transaction volumes, CRED maintained a significantly higher average ticket size compared to many competing platforms.

Meanwhile, Watsapp Pay processed close to 139 million UPI transactions during the month. Banking apps, including those operated by Axis Bank, contributed a comparatively smaller share of overall UPI transactions.

Also Read: UPI Dominates India's Digital Payments with 85.5% Share: RBI Report

NPCI data also showed that daily consumption categories continued to dominate merchant-side UPI activity in April. Grocery and supermarket transactions led the segment with 3.72 billion transactions worth Rs 80,449 crore. Fast food restaurants followed with 1.47 billion transactions, while eating places and restaurants processed 1.25 billion transactions. Telecommunications services accounted for 869.9 million transactions, while service stations and fuel pumps recorded 658.6 million transactions.

Industry experts believe India’s UPI ecosystem continues to witness strong structural growth driven by rising digital adoption, expanding merchant acceptance, and increasing consumer preference for real-time digital payments across urban and rural markets.