In July 2025, PhonePe processed 8.93 billion transactions, capturing a 45.88% market share. Google Pay and Paytm also played significant roles, collectively accounting for an 81% market share.In the Indian fintech market for July 2025, PhonePe led UPI transactions.

According to data from the National Payments Corporation of India (NPCI), PhonePe handled 8.93 billion transactions, securing a 45.88% market share. Its closest competitor, Google Pay, processed 6.92 billion transactions with a 35.56% share, while Paytm managed 1.36 billion transactions, holding a 7.02% share.Together, these three major players accounted for an 81.44% market share. In terms of transaction value, PhonePe recorded ₹12.20 trillion, Google Pay ₹8.91 trillion, and Paytm ₹1.43 trillion. New third-party application providers also showed activity. For instance, Navi processed 444.06 million transactions, and super.money handled 252.85 million transactions.WEET Cotton T-Shirt and Pyjama Set for Men,Night Wear for Men,Men's Pyjama Set 122

In July, a total of 19.46 billion UPI transactions were recorded, with an overall value of ₹25.08 trillion. Small retail stores and supermarkets contributed significantly to P2M (Person-to-Merchant) transactions, recording over 3 billion transactions worth ₹64,881.98 crore.79th Independence Day: History and Significance of the Indian Tricolour