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Groww continues to lead stock broking space in July; PhonePe’s Share.Market dips 6%

EntrackrEntrackr · 2m ago
Groww continues to lead stock broking space in July; PhonePe’s Share.Market dips 6%
Medial

Groww continues to lead stock broking space in July; PhonePe’s Share.Market dips 6% The Indian stock market’s active user base has declined for the second consecutive month, falling 4% in July 2025 to 45.96 million from 47.89 million in June. The active user base had peaked at 49.67 million in January this year. Groww retained its lead with a 26.87% market share and 12.35 million active clients, despite a 1.81% month-on-month decline from 12.58 million in June, according to NSE data. Zerodha held the second spot with a 16.17% market share and 7.43 million users. However, it also saw a 2% month-on-month drop from 7.58 million in June. Angel One closed the gap with Zerodha with a 15.66% market share and 7.2 million users, experiencing a 1.68% month-on-month drop. Ratan Tata-backed Upstox held the fourth position and witnessed a steep 3.77% drop in its user base this month. It has a 5.38% market share with 2.47 million clients. Among traditional brokers, ICICIDirect (1.96 million users), HDFC Securities (1.57 million), and Kotak Securities (1.44 million) remained steady with market shares of 4.26%, 3.43%, and 3.14%, respectively. Emerging broker Dhan moved up to the ninth position with a 2.17% market share and one million users. INDmoney ranked 11th with a 1.76% market share and 0.81 million clients. Paytm Money’s client base grew 3% month-on-month to 0.75 million, holding a 1.62% market share. In contrast, Sharekhan’s user base declined 2.70% to 0.61 million. Mirae Asset (0.42 million users) and PhonePe's Share.Market (0.33 million) saw the steepest declines in user base with a drop of 8% and 6% respectively.

UPI records marginal dip in June with 18.4 Bn transactions

EntrackrEntrackr · 4m ago
UPI records marginal dip in June with 18.4 Bn transactions
Medial

UPI records marginal dip in June with 18.4 Bn transactions This reflects a month-on-month (MoM) dip of around 1.5% in volume and 4.4% in value. On a year-on-year (YoY) basis, UPI volumes in June grew 32%, while the transaction value rose 20%. After hitting an all-time high in May, Unified Payments Interface (UPI) transactions slightly declined in June 2025 in both volume and value. According to data released by the National Payments Corporation of India (NPCI), the platform processed 18.40 billion transactions worth Rs 24.04 lakh crore in June, compared to 18.68 billion transactions worth Rs 25.14 lakh crore in May. This reflects a month-on-month (MoM) dip of around 1.5% in volume and 4.4% in value. On a year-on-year (YoY) basis, UPI volumes in June grew 32%, while the transaction value rose 20%. The average daily transaction count stood at 613 million in June, slightly higher than 602 million in May, while the average daily transaction value was marginally lower at Rs 80,131 crore compared to Rs 81,106 crore in the previous month. The higher daily average in June is likely due to the fewer number of days in the month compared to May. As of May, PhonePe retained its lead with a 46.47% share of the total UPI volume, followed by Google Pay with a 36.09% market share. Paytm is the third-largest UPI player with a 6.84% share of the UPI volume. New entrants like Navi, Flipkart’s super.money, and Fampay by Trio are also making notable contributions to the overall UPI volume. Besides India, UPI is currently live in Bhutan, Nepal, Mauritius, Sri Lanka, Singapore, France, Oman, and the UAE. According to media reports, NPCI is also aiming to expand UPI to additional countries, including Qatar, Thailand, Malaysia, and other Southeast Asian nations, while the UK, Oman, and the Maldives have shown interest or are in the early stages of integration.

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