{"id":328552,"date":"2026-03-14T00:54:12","date_gmt":"2026-03-14T00:54:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/328552\/"},"modified":"2026-03-14T00:54:12","modified_gmt":"2026-03-14T00:54:12","slug":"phonepe-continues-to-rule-upi-transactions-with-over-45-market-share-in-feb","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/328552\/","title":{"rendered":"PhonePe continues to rule UPI transactions with over 45% market share in Feb"},"content":{"rendered":"<p dir=\"ltr\">PhonePe continued to dominate India\u2019s UPI ecosystem among third-party apps in February, while Google Pay and Paytm retained the second and third positions, respectively.<\/p>\n<p dir=\"ltr\">According to NPCI data, PhonePe processed 9.28 billion transactions worth Rs 13,10,392.95 crore. The Walmart-backed app held 45.5% share of total UPI transaction volume and 48.8% share by value during the month.<\/p>\n<p dir=\"ltr\">Google Pay followed with 6.76 billion transactions worth Rs 9,03,051.60 crore. The platform accounted for 33.2% share by volume and 33.6% by value. Paytm secured the third position after recording 1.59 billion transactions worth Rs 1,74,128.86 crore, translating to 7.8% share in volume and 6.5% in value.<\/p>\n<p dir=\"ltr\">The top three apps reported slightly <a href=\"https:\/\/entrackr.com\/news\/upi-volumes-dip-in-february-average-daily-count-rises-to-728-mn-11165616\" target=\"_blank\" rel=\"nofollow noopener\">lower transaction counts than January<\/a> due to the shorter month. In January, PhonePe processed <a href=\"https:\/\/entrackr.com\/news\/phonepe-records-99-bn-upi-transactions-in-january-cred-slips-to-8th-position-11093874\" target=\"_blank\" rel=\"nofollow noopener\">9.91 billion<\/a> transactions, Google Pay handled 7.23 billion, and Paytm recorded 1.66 billion transactions, when the UPI network logged 21.7 billion transactions overall.<\/p>\n<p><img decoding=\"async\" alt=\"UPI feb\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/03\/upi-feb-2026-03-13-16-32-22.png\" style=\"width: 1200px;\"\/><\/p>\n<p dir=\"ltr\">Among other fintech apps, Navi ranked fourth after processing 650.28 million transactions worth Rs 36,563 crore. Super.money followed with 289.32 million transactions worth Rs 12,314.08 crore.<\/p>\n<p dir=\"ltr\">The government-backed BHIM app recorded 175.93 million transactions worth Rs 21,263.92 crore. FamApp by Trio processed 149.06 million transactions valued at Rs 1,898.62 crore.<\/p>\n<p dir=\"ltr\">CRED stood at the eighth position after recording 145.98 million transactions. The platform reported a relatively higher transaction value of Rs 54,045.92 crore, reflecting higher ticket sizes.<\/p>\n<p dir=\"ltr\">Among bank-owned platforms, Axis Bank Apps processed 132.11 million transactions worth Rs 12,157.93 crore, including customer-initiated and B2C payments. WhatsApp Pay rounded off the top ten after processing 112.89 million transactions worth Rs 8,557.08 crore.<\/p>\n<p dir=\"ltr\">Overall, the UPI ecosystem processed 20,394.18 million transactions worth Rs 26,84,229.29 crore in February. The month recorded a marginal dip compared to January due to fewer days, although daily activity remained strong as the average daily transaction count rose to 728 million from 700 million in January.<\/p>\n","protected":false},"excerpt":{"rendered":"PhonePe continued to dominate India\u2019s UPI ecosystem among third-party apps in February, while Google Pay and Paytm retained&hellip;\n","protected":false},"author":2,"featured_media":11832,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[342,111,139,7783,69,145,7781],"class_list":{"0":"post-328552","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-mobile","9":"tag-new-zealand","10":"tag-newzealand","11":"tag-npci","12":"tag-nz","13":"tag-technology","14":"tag-upi"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/328552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=328552"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/328552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/11832"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=328552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=328552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=328552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}