PhonePe retained its leadership position during this period. It processed 10.50 billion transactions and accounted for around 46.4% of total UPI volume. In value terms, its share stood at about 49.1%, which reflects its strength across merchant payments and peer to peer transactions. The company had recorded 9.28 billion transactions in February<\/a> with a 45.5% share and 9.9 billion transactions in January with a 45.7% share.<\/p>\n Google Pay remained the second largest player. It processed 7.53 billion transactions in March and captured about 33.3% market share by volume. Its share by value was close to 33.9%. Paytm followed with 1.77 billion transactions, which translates to a 7.8% share by volume and about 6.5% by value.<\/p>\n Other players trailed far behind. Navi processed around 790 million transactions. BHIM recorded 202 million transactions. Newer entrants such as super.money and FamApp by Trio continue to scale but remain relatively small.<\/p>\n Among smaller but notable players, CRED processed 163 million transactions worth Rs 62,029.55 crore and held a value share of over 2%, which suggests higher average ticket size. WhatsApp handled around 130 million transactions, while Axis Bank apps contributed a smaller share that includes B2C transactions.<\/p>\n Disclaimer:<\/p>\n Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Walmart-backed digital payments platform PhonePe has crossed 10 billion UPI transactions in March for the first time since…\n","protected":false},"author":2,"featured_media":10009,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[61,60,202,22854,80],"class_list":{"0":"post-412974","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-ie","9":"tag-ireland","10":"tag-mobile","11":"tag-phonepe","12":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/412974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=412974"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/412974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/10009"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=412974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=412974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=412974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"March](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/04\/march-upi-2026-04-22-21-37-03.png\")
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