PhonePe Surpasses 11 Billion Monthly UPI Transactions in August; G-Pay Approaches 8 Billion
PhonePe crossed 11 billion monthly transactions in August, while Google Pay neared 8 billion, NPCI reports.
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Tag: NPCI
“NPCI Introduces 0.4% MDR for UPI Transactions Over Rs 2,000, Caps Fees at Rs 300 for Higher Amounts”
NPCI introduces 0.4% MDR on P2M UPI transactions above Rs 2,000, effective from Oct 15, 2026.
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No Fees for UPI and RuPay Debit Card Transactions Under ₹2,000: Government Clarifies
The Centre has specified that banks cannot impose charges on UPI transactions up to Rs 2,000 or RuPay debit cards.
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NPCI Reports 32% Decline in FY26 Profit Despite 22% Revenue Growth to ₹4,240 Crore
NPCI recorded a 22% revenue rise to Rs 4,240 crore, but profit fell 32% due to higher expenses.
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“NPCI to Enhance UPI AutoPay with App-Portability Features: Latest Insights”
NPCI is making UPI AutoPay mandates portable across apps, reducing user lock-in and boosting competition.
Read moreDetailsPhonePe Approaches 11 Billion Monthly UPI Transactions in July; CRED Drops to Tenth Place
PhonePe retained its dominance in UPI with 10.86 billion transactions, holding 45.89% of the volume.
Read moreDetailsUPI Achieves Record-Breaking 23.66 Billion Transactions in July
UPI recorded 23.66 billion transactions in July 2026, worth Rs 29.88 lakh crore, surpassing previous records.
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Record UPI Transactions Hit New Heights in May for PhonePe, GPay, and Paytm, While Digital Gold Sales Steady
PhonePe maintained its UPI dominance in May with 10.73B transactions, capturing 46.3% volume share.
Read moreDetailsUPI Soars to Over 23 Billion Monthly Transactions in May
UPI crossed 23 billion monthly transactions in May 2026, setting a new record for India’s payments network.
Read moreDetailsPhonePe Achieves Milestone with 10 Billion UPI Transactions for Two Consecutive Months in April
Walmart-backed PhonePe processed over 10.33 billion UPI transactions in April, maintaining dominance.
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