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Wire · technology

At 10.86 b, PhonePe leads UPI transactions in July

15 August 2026 · By · Wire by Fusion42

Published

15 August 2026

Topic

technology

◆ Sectors

Fintech

◆ Geography

India

◆ Source

Read at pressreader.com →

◆ Verified

Fusion42 · 16 August 2026 · Fusion42 review

PhonePe led India's Unified Payments Interface (UPI) transactions in July with 10.86 billion transactions, outpacing competitors like Google Wallet, Paytm, and WhatsApp, signaling its dominant position in the Indian digital payments market.

This Wire brief sits within Fusion42's coverage of Fintech, and 37 sources have reported it between 20 Jul 2026 and 3 Oct 2026.

◆ ◆ The Wire takeaway

PhonePe's clear lead in UPI transactions indicates shifting consumer preferences and volume flows that you can capitalise on if you're building payment solutions or marketplaces in India. Your product roadmap should prioritise seamless UPI integration to tap into the largest transaction gateway.

◆ Coverage

37 sources · first reported 20 Jul 2026 · latest 3 Oct 2026

◆ Related on Wire

◆ Topics

Fintechphonepeupidigital-paymentsindiafintech