UPI In April: PhonePe Tightens Grip With Over 47% Market Share

by · Inc42

SUMMARY

  • PhonePe retained the top spot with a 47.07% UPI market share, while PhonePe and Google Pay together handled over 80% of transactions in April
  • Overall UPI transaction volume fell 1.3% MoM to 2,235 Cr in April, though volumes were still up 25% YoY
  • Smaller players like Navi, super.money and FamApp continued to gain share as NPCI explored steps to improve competition in the ecosystem