๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Related News

PhonePe and G-Pay lead UPI volume in April, CRED targets high-value transfers

EntrackrEntrackr ยท 7m ago
PhonePe and G-Pay lead UPI volume in April, CRED targets high-value transfers
Medial

Fintech platform PhonePe further cemented its dominance in Indiaโ€™s UPI ecosystem in April 2025, maintaining the top spot in both transaction volume and value. The fintech unicorn processed 8,362.31 million UPI transactions worth Rs 12.05 lakh crore. This gave it 46.73% of the total volume and 50.32% of the total value among the top 10 UPI apps. Google Pay held on to second place, with 6,488.55 million transactions worth Rs 8.42 lakh crore. This translates to 36.26% share by volume and 35.18% by value. Paytm came in third, processing 1,210.24 million transactions valued at Rs 1.31 lakh crore, accounting for 6.76% of the volume and 5.48% of the value. CRED shines in high-value payments Navi and super.money took the fourth and fifth positions in terms of volume, with CRED slipping to sixth. However, CRED continued to outperform smaller players in terms of value. The platform processed Rs 49,753 crore through just 134.67 million transactions. This gave the credit-focused app a modest 0.75% share of total volume but a much higher 2.08% share in value. **Other players and total UPI picture** Axis Bank Apps, FamApp by Trio, Amazon Pay, and WhatsApp made up the rest of the top 10. WhatsApp, backed by Meta, was the lowest performer with 67.40 million transactions totaling Rs 5,065.44 crore. In total, UPI processed 17,893.42 million UPI transactions amounting to Rs 23.94 lakh crore in value in April 2025. PhonePe and Google Pay together handled over 82% of UPI transactions and 85% of the total value, clearly dominating Indiaโ€™s digital payments market.

PhonePe, G-Pay reach peak UPI volumes in May; Super.money maintains lead over CRED

EntrackrEntrackr ยท 6m ago
PhonePe, G-Pay reach peak UPI volumes in May; Super.money maintains lead over CRED
Medial

PhonePe, G-Pay reach peak UPI volumes in May; Super.money maintains lead over CRED In May, UPI recorded a total of 18.67 billion customer-initiated transactions amounting to Rs 25.14 lakh crore. Of these, 6.82 billion (36%) transactions valued at Rs 18.17 lakh crore (72%) were peer-to-peer (P2P), while the remaining 11.85 billion transactions worth Rs 6.96 lakh crore were peer-to-merchant (P2M). PhonePe and Google Pay continued their dominance in the UPI ecosystem in May 2025, maintaining their positions as the top two apps by both transaction volume and value. As per the latest NPCI data, PhonePe retained its lead with 8.68 billion transactions in May, which translates to a 46.47% share of the total volume among the top players. In terms of transaction value, the app processed Rs 12.56 lakh crore and controlled a 49.97% share. Google Pay followed closely with 6.74 billion transactions and Rs 8.85 lakh crore in value, capturing 36.09% and 35.20% of the volume and value shares, respectively. For PhonePe and Google Pay, May marked their highest transaction volumes since their previous peaks of 8.64 billion and 6.59 billion, respectively, in March. Together, these two apps handled more than 80% of all customer-initiated UPI transactions in the country. Paytm maintained its position in third place by processing 1.27 billion transactions and Rs 1.38 lakh crore in value. However, its 6.84% share of the transaction volume compared to a 5.49% share of value indicates that its users largely engage in low-ticket payments. CRED, on the other hand, stood out for its performance in high-value transactions. Despite accounting for just 141.95 million transactions (0.76% of the volume), CRED recorded a transaction value of Rs 55,242.72 crore, which translates into a 2.20% share of the total value processed. In terms of volume, Navi and Flipkartโ€™s Super.money are ahead of CRED with 386.21 million and 203 million transactions, respectively. Axis Bank apps, which also handled 96.92 million B2C transactions, captured the 7th position. Fampay by Trio (110.38 million), Amazon Pay (98.68 million), and WhatsApp (70.19 million) held the 8th, 9th, and 10th positions, respectively. Super.money overtook CRED to become the fifth-largest UPI app in February and has maintained its lead over the fintech unicorn ever since.

PhonePe gains market share in November; Google Pay sees marginal dip

EntrackrEntrackr ยท 5h ago
PhonePe gains market share in November; Google Pay sees marginal dip
Medial

PhonePe gains market share in November; Google Pay sees marginal dip Unified Payments Interface recorded 20.47 billion transactions worth Rs 26.32 lakh crore in November, as per data released by the National Payments Corporation of India. PhonePe remained the largest UPI app during the month. The Walmart-backed fintech firm processed 9.33 billion transactions, which formed 45.6% of total UPI volume and 48.5% of total transaction value. PhonePe gained market share in November despite a slight decline in transaction volume compared with October. Google Pay ranked second with 7.03 billion transactions in November. The Alphabet owned app held a 34.4% share by volume and an identical 34.4% share by value, which kept it well ahead of other competitors. Google Pay saw a minor month on month dip in November, with both transaction volumes and market share edging slightly lower compared to October. Paytm stood third with 1.55 billion transactions, accounting for 7.6% of overall UPI volumes. The company processed payments worth Rs 1.64 lakh crore, which translated into a 6.2% share by value. Among the smaller players, Navi processed 609 million transactions in November with a transaction value of Rs 32,290 crore, giving it a 3% share by volume. super.money recorded 265 million transactions worth Rs 10,581 crore, while Cred handled 154 million transactions with a transaction value of Rs 59,261 crore, supported by higher ticket size payments. BHIM processed 141 million transactions during the month with a value of Rs 18,377 crore. Axis Bank apps together recorded 236 million transactions worth Rs 16,221 crore, including customer initiated, B2C and B2B payments. Amazon Pay handled 89 million transactions valued at Rs 10,147 crore, while FamApp by Trio recorded 150 million transactions worth Rs 1,868 crore. After the festive peak in October, the November data points to steady momentum for UPI across consumer and merchant payments in India. When it comes to spending trends via UPI, November usage remained centred on daily consumption categories. Groceries and supermarkets led the charts with 3.22 billion transactions worth Rs 71,129.56 crore, followed by fast food and restaurant categories which together recorded over 2.6 billion transactions. Telecommunication services logged 818 million transactions valued at Rs 21,399.70 crore, while service stations featured among the top categories with 658 million transactions worth Rs 40,320.95 crore. Digital gold purchases touched 123.42 million transactions in November, an increase of 6.4% from October by volume, though value dropped sharply to Rs 1,215.36 crore from the previous month.

PhonePe, G-Pay lead UPI transactions in December; Paytm struggles

EntrackrEntrackr ยท 11m ago
PhonePe, G-Pay lead UPI transactions in December; Paytm struggles
Medial

PhonePe, G-Pay lead UPI transactions in December; Paytm struggles In December, the market share of the top three UPI apps by transaction volume saw PhonePe leading with a dominant share of 47.7%. Google Pay followed with a strong 36.7%. The UPI payment ecosystem continued to see dominance from PhonePe and Google Pay in December 2024, with both platforms recording substantial transaction volumes and values. While PhonePe led the market in both transaction volume and value, Google Pay maintained a strong second-place position. According to the latest data, PhonePe registered 7.98 billion transactions with a total transaction value of Rs 11.76 lakh crore. Meanwhile, Google Pay recorded a transaction volume of 6.1 billion and a value of Rs 8.22 lakh crore for the month. On the other hand, Paytm, a key player in the digital payments space, struggled to keep pace with its competitors. It recorded a relatively smaller transaction volume of 1.15 billion, with a total value of Rs 1.25 lakh crore. In December, the market share of the top three UPI apps by transaction volume saw PhonePe leading with a dominant share of 47.7%. Google Pay followed with a strong 36.7%, while Paytm captured a smaller share of 6.87%. In terms of value, the trioโ€™s market share stood at 50.6%, 35.38%, and 5.4% respectively. While PhonePe and Google Pay saw a slight increase in their market share compared to November, Paytm experienced a small decline, with its market share dropping from 6.95% in volume and 5.48% in value. Citing NPCI data, brokerage firm UBS said that Paytm did not gain any UPI market share in December, despite the company receiving clearance to add customers in October. Additionally, the Noida-based companyโ€™s shares dropped by 7.5% on Wednesday. Navi, which recently emerged as the fourth-largest player in terms of UPI volume, processed 202.53 million transactions amounting to Rs 11,317.09 crore, while Cred recorded 143.07 million transactions, valued at Rs 50,979.94 crore. As the competition heats up, NPCI has extended the compliance timeline for TPAPs exceeding the volume cap in UPI by two years. The Dilip Asbe-led firm also allowed Meta-owned WhatsApp to extend UPI services to its entire user base across the country. In December, WhatsApp recorded 57.7 million transactions worth Rs 4,348.19 crore and is ranked 11th among UPI-based apps.

Download the medial app to read full posts, comements and news.