PhonePe Holds UPI Crown With 10.33 Bn April Transactions, 46.2% Volume Share

PhonePe processed 10.33 billion UPI transactions in April 2025, its second straight month above the 10 bn mark, commanding 46.2% volume and 49.3% value share worth Rs 14.31 lakh crore. Google Pay (7.36 bn) and Paytm (1.77 bn) trailed. Grocery led merchant categories with 3.72 bn transactions worth Rs 80,449 crore.

— Source publishedWed, 27 May, 2026, 15:06 IST·First seen Wed, 27 May, 2026, 15:07 IST·Source Entrackr

What happened

PhonePe processed 10.33 billion UPI transactions in April, holding 46.2% volume and 49.3% value share. Google Pay and Paytm followed. Grocery/supermarkets led

Key facts

  • 10.33 billion transactions
  • 46.2% volume share
  • 49.3% value share
  • Rs 14.31 lakh crore
  • 22.34 billion total UPI
  • 7.36 billion Google Pay
  • 1.77 billion Paytm
  • 3.72 billion grocery txns
  • Rs 80,449 crore grocery

Why this matters

The widening gap between PhonePe/Google Pay (17.7bn combined) and Paytm (1.77bn) opens potential consolidation plays among sub-scale UPI apps seeking distribution or exit.

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