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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.
UPI processed 24,162 crore transactions worth ₹314 lakh crore in FY26, setting a new record for India's digital payments network. The scale reinforces UPI's role as the core of retail finance and supports broader goals around financial inclusion and formal economic activity. The government has signaled continued focus
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
UPI processed 24,162 crore transactions worth ₹314 lakh crore in FY26, setting a new record for India's digital payments network. The scale reinforces UPI's role as the core of retail finance and supports broader goals around financial inclusion and formal economic activity. The government has signaled continued focus
2mo ago · 1 min · Economy
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