Unified Payments Interface (UPI) has transformed the way Indians handle digital transactions, making peer-to-peer and merchant payments faster, simpler, and more secure. As more people adopt UPI for everyday payments, several mobile apps have emerged as the go-to platforms for seamless digital banking. From transferring money to paying bills and scanning QR codes, these apps have become essential in daily life. In this article, we take a closer look at the top 5 most downloaded UPI apps in India as of today, based on transaction volumes, user base, and popularity among consumers across the country.
1. PhonePe
- Market Share: Approximately 48%
- Monthly Transactions: Over 7.6 billion
- Transaction Value: ₹11.18 lakh crore (February 2025)
PhonePe remains the dominant player in India’s UPI landscape. Backed by Walmart, it boasts over 590 million registered users and is accepted by more than 40 million merchants nationwide. The app’s user-friendly interface, multilingual support, and integration of services like bill payments, insurance, and mutual fund investments contribute to its widespread adoption.
2. Google Pay
- Market Share: Around 37%
- Monthly Transactions: Approximately 5.8 billion
- Transaction Value: ₹7.71 lakh crore (February 2025)
Google Pay holds the second position in India’s UPI market. Its seamless integration with Google’s ecosystem, coupled with features like rewards and cashback offers, makes it a preferred choice for many users. The app’s straightforward design and robust security measures further enhance user trust and engagement.
3. Paytm
- Market Share: Approximately 7%
- Monthly Transactions: Over 1 billion
- Transaction Value: ₹1.17 lakh crore (February 2025)
Paytm continues to be a significant player in the UPI space. Beyond UPI transactions, it offers a comprehensive suite of services, including mobile recharges, utility bill payments, ticket bookings, and financial products. Its extensive merchant network and integration with various services make it a versatile platform for users.
4. Navi
- Market Share: Approximately 1%
- Monthly Transactions: Around 260 million
- Transaction Value: ₹14,322 crore (February 2025)
Navi, led by Sachin Bansal, has rapidly gained traction in the UPI ecosystem. Its focus on simplicity and integration with financial services like loans and insurance appeals to a broad user base. The app’s growth reflects the increasing demand for streamlined digital financial solutions.
5. Super.money
- Market Share: Approximately 0.7%
- Monthly Transactions: Around 139 million
- Transaction Value: ₹4,812 crore (February 2025)
Super.money, backed by Flipkart, has emerged as a noteworthy contender in the UPI space. Its rapid growth and user-centric features have propelled it into the top five, indicating a shift in user preferences towards innovative and integrated financial platforms.
Conclusion
India’s UPI ecosystem is dynamic and rapidly evolving. While PhonePe, Google Pay, and Paytm continue to dominate the market, emerging players like Navi and Super.money are making significant inroads. As digital payments become increasingly integral to daily life, these platforms are poised to innovate and expand their offerings, catering to the diverse needs of India’s vast user base.
