UPI (Unified Payments Interface) launched on 11th of April 2016 has been like a boon to the lives of many. Whether it be outgrowth of the Indian economy, ease of expenditure and hassle free way of transaction of money, UPI stands tall supporting 300 million Indian active users nationwide carry out their financial deeds tension free.
Comically we all do agree that we do overspend much more than decided due to ease of digital transaction. Paytm tops the list of customer initiated transactions by 10,01,675 crore, followed by GooglePay with 6,94,190 crore worth transactions and Paytm with 1,22,554 crore.
Let’s take a look at all the top UPI market shares in India.
- Buying shares in businesses that offer digital payment services or make use of UPI technology involves making investments in those businesses. By doing this, you’re taking an ownership stake in those businesses, and your investment may increase if their value rises over time.
- According to the April FY2024 status by NPCI,
PHONPE has the largest market share in UPI leading by almost 50% of the market
Followed by GooglePay acquiring 35% of the Share Market. After the government’s action on Paytm.
The RBI rule over Paytm left it with only 3% of the market share followed by CRED UPI market stocks which grew steadily by 1%.
Other UPI services like that of Flipkart UPI, Amazon UPI, Kotak Mahindra, SBI etc. constituted to around only 4% of the left out market shares.
