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UPI processed a record 23.2 billion transactions worth Rs 29.90 lakh crore in May 2026, up 3.8% from April, per NPCI data. The milestone deepens pressure on regulators to address market concentration, with PhonePe and Google Pay together holding nearly 80% of transaction volume.
PhonePe's UPI market share rose to 47.07% in April 2026, even as total UPI volume dipped 1.3% month-on-month to 2,235 crore transactions. With an IPO on the horizon and NPCI's 30% market share cap deadline set for December 2026, regulatory pressure on the company is building.
Tag
UPI processed a record 23.2 billion transactions worth Rs 29.90 lakh crore in May 2026, up 3.8% from April, per NPCI data. The milestone deepens pressure on regulators to address market concentration, with PhonePe and Google Pay together holding nearly 80% of transaction volume.
29d ago · 3 min · Markets
PhonePe's UPI market share rose to 47.07% in April 2026, even as total UPI volume dipped 1.3% month-on-month to 2,235 crore transactions. With an IPO on the horizon and NPCI's 30% market share cap deadline set for December 2026, regulatory pressure on the company is building.
1mo ago · 3 min · Markets
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