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PhonePe or Paytm: Which was no.1 UPI app in June 2024, Check Rankings Here


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In June, PhonePe solidified its leadership in the Unified Payments Interface (UPI) ecosystem, capturing approximately 48.34 percent of the market share. Nearly half of all transactions processed by the National Payments Corporation of India (NPCI)-operated UPI were conducted through PhonePe’s platform. PhonePe handled 6.71 billion UPI transactions, totaling a cumulative value of Rs 10.09 trillion, as reported by NPCI.

Google Pay remained the second-largest player in the UPI ecosystem in June, holding a 36.74 percent share. In contrast, Paytm, the third-largest player, experienced a decline in transaction volumes. Its market share fell to 7.93 percent in June, down from 12.79 percent in January.

ApplicationVolume (Mn)Value (Cr)
PhonePe6,716.0910,09,064.99
Google Pay5,103.997,07,241.27
Paytm1,104.891,20,840.45
Cred138.4245,720.01
Axis Bank Apps75.076,614.04
Amazon Pay67.077,377.30
ICICI Bank Apps51.6529,996.18
FamApp by Trio50.78641.36
Kotak Mahindra Bank Apps42.656,073.08
WhatsApp37.182,923.79
Navi35.721,769.66
HDFC Bank Apps34.608,167.30
BHIM22.727,965.69
Yes Bank Apps22.559,317.05
Airtel Payments Bank Apps15.761,192.07
Mobikwik11.592,564.79
Groww11.269,094.72
Bajaj Finserv8.231,852.43
Slice7.86634.47
IDFC Bank Apps7.331,654.91
State Bank of India Apps7.222,426.08
Samsung Pay6.38542.12
India Post Payments Bank Apps6.01732.10
Flipkart UPI5.97337.24
Federal Bank Apps5.67790.57
Jupiter Money5.63750.68
Canara Bank Apps2.88793.85
Jio Payments Bank Apps2.33186.62
Deutsche Bank Apps2.25334.12
Timepay1.8220.20
Punjab National Bank Apps1.80472.48
RBL Bank Apps1.75785.07
Indian Bank Apps1.73330.47
OmniCard1.2853.41
Union Bank Apps1.06461.02
Bank of Baroda Apps1.03450.62
Central Bank of India Apps0.83188.63
AU Small Finance Bank Apps0.76227.63
Jammu and Kashmir Bank Apps0.7597.58
DBS Digibank Apps0.50198.68
South Indian Bank Apps0.49144.78
IndusInd Bank Apps0.43117.86
Fino Payments bank Apps0.4155.79
HSBC Bank Apps0.40148.09
Shriram One0.2837.04
UCO Bank Apps0.2267.40
Digikhata0.1963.31
Karnataka Bank Apps0.1833.55
Standard Chartered Bank Apps0.17117.35
TataNeu0.1623.31
Kiwi0.1531.43
Suryoday0.140.02
Indian Overseas Bank Apps0.1337.62
super.money0.135.04
Dhani0.1113.84
Bank of India Apps0.1038.05
Ultracash0.096.51
Tamilnad Mercantile Bank Apps0.0826.21
City Union Bank Apps0.0828.66
POPClub0.074.87
Citi Bank Apps0.0770.51
Aditya Birla Capital Digital0.073.45
IDBI Bank Apps0.0727.06
NSDL Payments Bank Apps0.0610.09
Bank of Maharashtra Apps0.0511.11
Karur Vysya Bank Apps0.0518.73
Niyo Global0.0524.78
Equitas Small Finance Bank Apps0.0426.25
Punjab Sind Bank Apps0.0312.38
Other Apps1.54184.11

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