PhonePe 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.
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Tag: UPI
“Government Legislation Marks the Comeback of MDR on UPI”
The Centre introduced the Taxation and Other Laws (Amendment) Bill, 2026, allowing flexible electronic payment modes.
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.
Read moreDetailsWhatsApp Surges Past CRED in UPI Transactions for June; PhonePe Maintains Dominance
WhatsApp processed 150.48 million UPI transactions in June, overtaking CRED's 141.78 million.
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PhonePe Clarifies Wallet Fees Pertaining Exclusively to Idle Balances
PhonePe clarified that inactive wallet fees won't impact linked bank accounts or UPI transactions.
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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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NPCI Introduces New MCC for UPI Gift Cards with Transaction Cap of Rs 10,000
The NPCI directs reclassification of gift card transactions under a new Merchant Category Code MCC 7016.
Read moreDetails“UPI Surpasses 22 Billion Transactions for Two Consecutive Months in April”
UPI recorded a slight decline in April 2026, processing 22.35 billion transactions worth Rs 29.03 lakh crore.
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