{"id":708079,"date":"2026-01-20T06:57:12","date_gmt":"2026-01-20T06:57:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/708079\/"},"modified":"2026-01-20T06:57:12","modified_gmt":"2026-01-20T06:57:12","slug":"phonepe-hits-9-8-bn-upi-transactions-in-december-bhim-overtakes-cred","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/708079\/","title":{"rendered":"PhonePe hits 9.8 Bn UPI transactions in December; BHIM overtakes CRED"},"content":{"rendered":"

PhonePe has continued to tighten its grip on India\u2019s UPI ecosystem in December with 9.81 billion customer-initiated transactions worth Rs 13.61 lakh crore, according to data compiled from NPCI disclosures. The Walmart-backed fintech held a 45.35% market share by volume and 48.68% by value among the top 10 UPI apps during the month.<\/p>\n

Google Pay retained the second position with 7.5 billion transactions, accounting for a 34.64% share of total volumes and 34.25% of overall transaction value. Paytm stayed in third place with 1.65 billion transactions in December. This represents a 7.65% share by volume and 6.32% by value.<\/p>\n

Beyond the top three, activity remained fragmented. Navi reported 678 million transactions, while super.money recorded 287 million transactions during the month. The government-backed BHIM app saw 158 million transactions, while CRED slipped<\/a> to eighth position with 157.25 million transactions. However, CRED registered nearly three times higher transaction value compared to BHIM.<\/p>\n

\"UPI<\/p>\n

Axis Bank\u2019s UPI apps and WhatsApp Pay remained small contributors, each accounting for less than 1% of total transaction volumes.<\/p>\n

The strong app-level numbers came as UPI overall logged one of its highest-ever monthly transactions<\/a> in December, with 21.63 billion transactions worth Rs 27.97 lakh crore. The increase was mainly due to year-end spending, continued festive demand, and more people using UPI for small offline payments in tier II and tier III cities.<\/p>\n

In December, UPI transactions were led by everyday consumption categories, as groceries and supermarkets topped the chart, followed by fast food outlets, restaurants, telecom services, and fuel stations. Digital gold also saw a strong uptick during the month, recording 183.32 million transactions worth Rs 2,079.31 crore from 123.42 million<\/a> transactions valued at Rs 1,215.36 crore in November.<\/p>\n

Disclaimer:<\/p>\n

Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here<\/a>.<\/p>\n

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