India fintech · Free
UPI Market Share Tracker
Who leads UPI payments in India — PhonePe, Google Pay, Paytm, Navi.
NPCI app data for September 2026, reported by MediaNama. Shares use listed-app transactions, not all UPI transactions. Volumes are approximate.
Source: MediaNama citing NPCI, September 2026. October app shares are not verified. Value shares and month-over-month app changes are omitted until verified.
How to use it
- See each app's share of UPI transactions and value.
- Compare month-on-month change to spot who's gaining.
What good looks like
- The market is a duopoly: PhonePe and Google Pay handle close to 4 in 5 UPI payments.
Related reading

Behind the scenes: Why NPCI reversed its flawed decision to curb the UPI growth
Behind the scenes: Why NPCI reversed its flawed decision to curb the UPI growth Original published by me at …

Top UPI merchants — Zerodha, CRED & BharatPe are 3 big surprises
Top UPI merchants — Zerodha, CRED & BharatPe are 3 big surprises UPI is going strong at 1.8bn transactions a month. It is expected to touch 2bn in October. We have roughly 120mn users on UPI …

30% cap on UPI may never be possible
30% cap on UPI may never be possible WhatsApp can now onboard its 500 million monthly active users to UPI. However, it’s unlikely to help NPCI reach its goal of limiting third-party app share to …