Google Pay and PhonePe accounted for 80% of India's UPI transactions in Aug. 2025, down from 85% a year ago, as smaller players like Navi and BHIM gained ground (Pratik Bhakta/The Economic Times)

Pratik Bhakta / The Economic Times:
Google Pay and PhonePe accounted for 80% of India's UPI transactions in Aug. 2025, down from 85% a year ago, as smaller players like Navi and BHIM gained ground  —  The race for Unified Payments Interface (UPI) market share is heating up, with smaller fintechs ramping up volumes and pushing …