PhonePe, Google Pay’s combined UPI share falls below 80% in May: NPCI data
The combined share of PhonePe and Google Pay in India’s Unified Payments Interface (UPI) ecosystem fell below 80% in May 2026, according to calculations based on data released by the National Payments Corporation of India (NPCI). PhonePe remained the market leader with around 10.73 billion transactions during the month, while Google Pay processed about 7.59…
