PhonePe Extends UPI Lead to 47.07% in April as NPCI Revisits 30% Cap
PhonePe processed 1,033 Cr UPI transactions worth ₹14.31 Lakh Cr in April 2026, lifting share to 47.07%. Google Pay held 33.54% and Paytm 8.10%. Total UPI volumes dipped 1.3% MoM to 2,235 Cr but grew 25% YoY. NPCI is exploring interoperable soundboxes and revisiting the 30% market share cap.
PhonePe's UPI share rose to 47.07% in April 2026 with 1,033 Cr transactions worth ₹14.31 Lakh Cr as NPCI revisits the 30% cap.
Inc42 · Buzz · 5/28/2026, 7:48:22 AM · Ask about this →