Flipkart’s Super.money Top 5 UPI App In Feb
The Unified Payments Interface (UPI) witnessed a 5.2% decline in transaction volume in February 2025, totaling 16.11 billion transactions. Despite the dip, PhonePe, Google Pay, and Paytm continued to dominate the market, while Flipkart’s Super.money made its debut in the top five UPI apps.
UPI remains the backbone of India’s digital payments ecosystem, processing billions of transactions every month. However, February 2025 saw a drop in transaction volume, signaling a shift in user behavior or potential market saturation.
Despite the decline, UPI apps retained their competitive hold, with PhonePe, Google Pay, and Paytm leading the market. Interestingly, Flipkart’s Super.money replaced CRED to secure a spot in the top five UPI apps.
Apart from consumer-centric UPI apps, financial institutions played a crucial role in processing transactions:
The National Payments Corporation of India (NPCI) Chief, Dilip Asbe, shared key insights regarding UPI adoption:
Key Metrics | February 2025 Data |
---|---|
Total Transactions | 16.11 billion (-5.2%) |
Top UPI App | PhonePe (47.54% volume share) |
Second Position | Google Pay (36.24% volume share) |
Third Position | Paytm (6.70% volume share) |
New Entrant in Top 5 | Super.money (Replaced CRED) |
Axis Bank Apps | 100.15 million transactions |
Amazon Pay | 93.31 million transactions |
UPI Users | 450 million total, 200M active daily |
Future Growth Target | Onboarding 200-300M new users |
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