{"id":594232,"date":"2026-08-15T17:00:10","date_gmt":"2026-08-15T17:00:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/594232\/"},"modified":"2026-08-15T17:00:10","modified_gmt":"2026-08-15T17:00:10","slug":"phonepe-nears-11-bn-monthly-upi-transactions-in-july-cred-slips-to-10th-rank","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/594232\/","title":{"rendered":"PhonePe nears 11 Bn monthly UPI transactions in July; CRED slips to 10th rank"},"content":{"rendered":"

PhonePe retained its dominance in the Unified Payments Interface (UPI) ecosystem in July with 10.86 billion transactions against 10.48 billion in June<\/a>, according to data released by the National Payments Corporation of India (NPCI).<\/p>\n

The Walmart backed digital payments platform accounted for 45.89% of total UPI transaction volume in July. In value terms, PhonePe handled transactions worth Rs 14.44 lakh crore, giving it a 48.33% share of the total UPI transaction value.<\/p>\n

Google Pay retained the second spot with 7.65 billion UPI transactions in July against 7.41 billion in June. The platform held a 32.33% share of transaction volume and a 33.51% share by value. Its transaction value stood at Rs 10.01 lakh crore during the month.<\/p>\n

Paytm remained the third largest UPI player with 1.90 billion transactions in July against 1.80 billion in June. The fintech platform accounted for 8.05% of UPI transaction volume and 6.85% of transaction value. Its transaction value stood at Rs 2.05 lakh crore.<\/p>\n

Navi retained the fourth position with 947.08 million transactions against 842.51 million in June. Its volume share rose to 4% in July, while its value share stood at 1.62%. The platform handled transactions worth Rs 48,318 crore.<\/p>\n

\"UPI<\/p>\n

Flipkart backed super.money recorded 437.27 million transactions in July against 430.24 million in June. BHIM recorded 242.27 million transactions against 223.54 million in the previous month.<\/p>\n

FamApp by Trio recorded 206.19 million transactions in July, while WhatsApp registered 167.89 million transactions. WhatsApp remained ahead of CRED, which recorded 142.10 million transactions during the month.<\/p>\n

CRED slipped to the 10th position in July from ninth in June. Despite its lower transaction volume, CRED handled transactions worth Rs 59,279 crore and accounted for 1.98% of UPI transaction value. WhatsApp’s transaction value stood at Rs 12,957 crore, giving it a 0.43% share.<\/p>\n

Axis Bank’s apps recorded 143.77 million transactions across customer initiated, B2C and B2B payments. Their combined transaction value stood at Rs 13,940 crore.<\/p>\n

Overall, UPI recorded 23.66 billion transactions worth Rs 29.88 lakh crore in July. PhonePe and Google Pay together accounted for 78.22% of total UPI transaction volume and 81.83% of transaction value.<\/p>\n

The top three players, PhonePe, Google Pay and Paytm, accounted for 86.28% of UPI transaction volume and 88.68% of transaction value in July.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"PhonePe retained its dominance in the Unified Payments Interface (UPI) ecosystem in July with 10.86 billion transactions against…\n","protected":false},"author":2,"featured_media":10009,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[61,60,202,4242,80,4240],"class_list":["post-594232","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-ie","tag-ireland","tag-mobile","tag-npci","tag-technology","tag-upi"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/594232","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=594232"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/594232\/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=594232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=594232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=594232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}