Unified Payments Interface (UPI) continues to drive the digital payments revolution in India, with billions of transactions processed every month. In September 2025, India witnessed a staggering 19.63 billion UPI transactions, amounting to a transaction value of nearly ₹24.9 lakh crore. The market is dominated by a few key players that have become household names due to their user-friendly interfaces, wide banking integrations, and innovative features.
The Top 10 UPI Apps by Transaction Volume in September 2025
Here’s a concise overview of India’s leading UPI apps, ranked based on the number of transactions and market share:
| Rank | App Name | Transaction Volume (Billion) | Transaction Value (₹ Crore) | Market Share (%) | Month-on-Month Change |
|---|---|---|---|---|---|
| 1 | PhonePe | 8.96 | 12,03,000 | 45.6 | -0.1 |
| 2 | Google Pay | 6.83 | 8,70,000 | 34.8 | -0.5 |
| 3 | Paytm | 1.39 | 1,50,000 | 7.1 | — |
| 4 | Navi | 0.41 | 11,317 | 2.1 | — |
| 5 | Super.money | 0.22 | — | 1.19 | — |
| 6 | Amazon Pay | 0.09 | 9,330 | — | — |
| 7 | WhatsApp Pay | 0.06 | 4,348 | — | — |
| 8 | BHIM | 0.03 | 9,170 | — | — |
| 9 | FreeCharge | 0.02 | 4,515 | — | — |
| 10 | MobiKwik | 0.02 | 3,478 | — | — |
Why PhonePe and Google Pay Lead the Market
- PhonePe leads with close to 9 billion transactions, holding the largest market share of 45.6%. It offers a smooth interface, UPI Lite for faster micro-transactions, investment options, bill payments, and more, making it highly popular among Indian users.
- Google Pay follows with almost 7 billion transactions and is preferred for its simple interface, instant bank transfers, and quick response times.
Emerging Players to Watch
Apps like Navi and Super.money are steadily growing, offering unique features such as integrated loans, insurance, cashback rewards, and health coverage. These platforms are expanding the digital payments ecosystem by introducing new services and catering to niche user demands.
State-wise Usage
Maharashtra, Karnataka, and Uttar Pradesh lead the state-wise usage of UPI payment systems, indicative of economic activity and smartphone penetration in these regions.
What is UPI and Its Importance?
Unified Payments Interface (UPI) is a mobile-based real-time payment system that simplifies bank-to-bank transfers. It is regulated by RBI and managed by NPCI. Its ease of use, interoperability across banks, and instant transfer capability make it the backbone of India’s digital economy push.
Why Choosing the Best UPI App Matters
Choosing a reliable UPI app means faster transactions, secure payments, and access to value-added services like bill payments, investments, and rewards, greatly simplifying financial management for individuals and businesses.
Authoritative External Resources
- Top 10 UPI Apps with Highest Transactions in September 2025 – Trade Brains
- National Payments Corporation of India (NPCI)
FAQs
Q1: Which UPI app had the highest transaction volume in September 2025 in India?
PhonePe led the Indian market with nearly 8.96 billion transactions and a 45.6% market share in September 2025.
Q2: Which emerging UPI apps are gaining popularity in India?
Apps like Navi and Super.money have shown considerable growth by offering integrated financing and insurance services along with UPI payments.
