India, Feb. 10 -- Continuing its dominance in the UPI ecosystem, fintech major PhonePe processed 810.2 Cr transactions in January 2025. This was 1.5% higher than the 798.4 Cr transactions processed in December 2024.

The fintech giant accounted for more than 48% of the total UPI transactions in January. The total value of the transactions processed by PhonePe stood at INR 11.91 Lakh Cr last month as against 11.76 Lakh Cr in December 2024.

Overall, UPI transactions touched an all-time high at 1,699 Cr in January, with total value of transactions at INR 23.84 Lakh Cr. The transaction count rose 1.5% month-on-month (MoM) and 39% year-on-year (YoY).

Google Pay held on to the second position last month with a market share of36.91%. Google's ...