PhonePe Dominates India’s UPI Ecosystem in April 2025

PhonePe has solidified its position at the forefront of India’s UPI ecosystem in April 2025, achieving the highest transaction volume and value. The fintech unicorn managed to process 8,362.31 million UPI transactions with a total worth of Rs 12.05 lakh crore. This accounts for 46.73% of the entire volume and 50.32% of the total value among the top 10 UPI applications.

Google Pay Follows in Second Place

Google Pay retained its position in second place, recording 6,488.55 million transactions with a total value of Rs 8.42 lakh crore. This equates to a market share of 36.26% by volume and 35.18% by value.

Paytm’s Performance in Third Position

Paytm secured the third spot, managing to process 1,210.24 million transactions valued at Rs 1.31 lakh crore, which represents 6.76% of the total volume and 5.48% of the overall value.

CRED Shines in High-Value Payments

Navi and super.money took fourth and fifth places in terms of transaction volume, while CRED slipped to sixth. Despite this, CRED stood out for its value performance, processing Rs 49,753 crore through just 134.67 million transactions. This puts the credit-focused application at a smaller 0.75% share of total volume but a significantly higher 2.08% share in value.

Other Key Players in the UPI Market

Axis Bank Apps, FamApp by Trio, Amazon Pay, and WhatsApp rounded out the remaining slots in the top 10 UPI applications. WhatsApp, supported by Meta, recorded the lowest performance with 67.40 million transactions amounting to Rs 5,065.44 crore.

Total UPI Performance in April 2025

Overall, the UPI recorded 17,893.42 million transactions, accumulating a total value of Rs 23.94 lakh crore in April 2025. PhonePe and Google Pay combined handled over 82% of the UPI transactions and accounted for 85% of the total value, clearly illustrating their dominance in India’s digital payments landscape.