PhonePe Expands Its Dominance Over G-Pay in March; CRED Drops to 7th in UPI Rankings
UPI saw a 13.6% increase in March, reaching 18.30 billion transactions, led by PhonePe and Google Pay.
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)