PhonePe crosses 10 Bn UPI transactions for second straight month in April
PhonePe processed 10.33 billion UPI transactions in April, holding 46.2% volume share and 49.3% value share at Rs 14.31 lakh crore. Google Pay trailed at 7.36 billion and Paytm at 1.77 billion of the 22.34 billion total. Grocery and supermarkets led merchant categories with 3.72 billion transactions worth Rs 80,449 crore.
What happened
PhonePe processed 10.33 billion UPI transactions in April, holding 46.2% volume share and 49.3% value share. Google Pay and Paytm followed. Grocery/supermarkets
Key facts
- 10.33 billion transactions
- 46.2% volume share
- 49.3% value share
- Rs 14.31 lakh crore
- 22.34 billion total UPI
- Google Pay 7.36 billion
- Paytm 1.77 billion
- grocery 3.72 billion / Rs 80,449 crore
Why this matters
PhonePe's twin 10B+ months and Rs 14.31 lakh crore value throughput harden its moat ahead of any IPO, narrowing the window for acquirers to buy scaled UPI distribution before public-market pricing resets the comp set.