PhonePe and G-Pay Dominate UPI Transactions in April, While CRED Aims for Premium Transfers
PhonePe further cemented its dominance in India’s UPI ecosystem in April 2025, maintaining the top sp
PhonePe further cemented its dominance in India’s UPI ecosystem in April 2025, maintaining the top sp
UPI registered 17.89 billion transactions in April, marking a 2.24% decline from March's 18.30 billion.
UPI saw a 13.6% increase in March, reaching 18.30 billion transactions, led by PhonePe and Google Pay.
UPI recorded 18.30 billion transactions in March, a 13.6% increase from February's 16.11 billion.
The Indian government approved a scheme to encourage small merchants to use digital payments via BHIM-UPI.
UPI recorded 16.11 billion transactions in February 2025, a 5.2% decline from January’s 16.99 billion.
UPI processed nearly 17 billion transactions in January, marking a 39% increase in volume year-on-year.
The Growth of Unified Payments Interface (UPI)