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PhonePe Continues To Lead UPI Race In July, Market Share Sees Marginal Decline

Summary by Inc42 Media
Even as UPI transaction volume touched a fresh all-time high in July, the app player rankings remained unchanged, with PhonePe and Google Pay retaining the top spots. In July, PhonePe facilitated 893 Cr out of the total 19.47 Bn transactions, accounting for 46.64% market share. Despite clocking INR 12.20 Lakh Cr in transaction value, its market share dipped marginally from June’s 47.22%. In the month under review, Google Pay secured the second s…
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Inc42 Media broke the news in on Thursday, August 14, 2025.
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