India's Unified Payments Interface (UPI) ecosystem saw a notable shift in June, with WhatsApp overtaking CRED in transaction volume for the first time, processing 150.48 million transactions compared with CRED's 141.78 million, according to NPCI June UPI Data.

Key Highlights

• WhatsApp overtook CRED in UPI transaction volume, processing 150.48 million transactions in June.
• PhonePe processed 10.48 billion transactions, retaining its position as India's largest UPI platform for the fourth straight month.

The crossover comes in the same month that CRED founder Kunal Shah stepped down from the fintech firm to take over as the global CEO of WhatsApp, with Miten Sampat named interim CEO of CRED following Shah's move. In May, CRED had processed 157 million UPI transactions, ahead of WhatsApp's more than 150 million transactions — making June's role reversal notable given the leadership transition.

Despite its lower transaction volume in June, CRED processed transactions worth Rs 55,117 crore, accounting for 1.91% of UPI transaction value. WhatsApp's transaction value stood at ₹11,392 crore, translating to a 0.39% share — highlighting that while WhatsApp now leads on volume, CRED continues to dominate on average transaction size.

PhonePe Maintains Market Leadership

PhonePe retained lead in the UPI ecosystem with 10.48 billion transactions in June, compared with 10.73 billion in May. This marked the fourth consecutive month that PhonePe processed more than 10 billion UPI transactions, having first crossed the milestone in March 2026.

Overall UPI Volume Dips Slightly in June

UPI recorded 22.72 billion transactions during June, compared with 23.2 billion transactions in May. Total transaction value also declined, to ₹28.92 lakh crore from ₹29.90 lakh crore the previous month, suggesting a modest cooling from May's record highs.

Also Read: NPCI May UPI Data: PhonePe Tops 10.7 Billion Transactions Again

PhonePe and Google Pay Continue Their Dominance

PhonePe accounted for 46.15% of total UPI transaction volume in June, and 49.07% by value, after processing transactions worth Rs 14.19 lakh crore. Google Pay retained the second spot with 7.41 billion transactions, a 32.61% market share by volume, and 33.44% by value, with transactions worth Rs 9.67 lakh crore.

Paytm remained the third-largest UPI player with 1.80 billion transactions, capturing 7.92% market share by volume and 6.66% by value, with transactions worth Rs 1.93 lakh crore.

Among other platforms, Navi recorded 842.51 million transactions in June, up from more than 824 million in May, capturing a 3.71% share by volume. Flipkart-backed super.money processed 430.24 million transactions, while BHIM registered 223.54 million transactions during the month. FamApp by Trio recorded 195.31 million transactions, while Axis Bank's apps contributed 136.16 million transactions across customer-initiated, B2C, and B2B payments.

Together, PhonePe and Google Pay accounted for 78.76% of UPI transaction volume and 82.51% of transaction value during June, underscoring that the two platforms continued to remain far ahead of other players in the country's UPI ecosystem, even as smaller apps like WhatsApp posted notable month-on-month gains.