PhonePe Holds UPI Crown With 10.33 Bn April Transactions, 46.2% Volume Share

PhonePe processed 10.33 billion UPI transactions in April 2025, its second straight month above the 10 bn mark, commanding 46.2% volume and 49.3% value share worth Rs 14.31 lakh crore. Google Pay (7.36 bn) and Paytm (1.77 bn) trailed. Grocery led merchant categories with 3.72 bn transactions worth Rs 80,449 crore.

— Filed Wed, 27 May, 2026, 15:08 IST · Source Entrackr · Updated

PhonePe processed 10.33 billion UPI transactions in April, holding 46.2% volume and 49.3% value share. Google Pay and Paytm followed. Grocery/supermarkets led merchant categories with 3.72 billion transactions worth Rs 80,449 crore.

Why this matters

PhonePe extends UPI dominance for a second straight month above 10 bn even as it defers its Dalal Street debut amid market conflict, underscoring scale ahead of an eventual IPO.

Retail-company signals steady at 1,276 over the last 90 days.

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