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.

PhonePe + Google Pay
77.8%
Share of listed-app transactions
PhonePe45.57% of listed-app transactions · ~10.91 bn
Google Pay32.23% of listed-app transactions · ~7.71 bn
Paytm8.10% of listed-app transactions · ~1.94 bn
All others14.10% of listed-app transactions

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.

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