IPO-bound PhonePe saw its market share slip marginally to 46.3% in May, from 46.5% in the same month last year, while Google Pay’s share fell to 32.7% from 36.1% in May 2025.

NPCI is building a unified, interoperable Soundbox for merchants, letting them accept UPI payments from any app via one device. While it cuts costs for merchants, it could dent revenues for PhonePe, BharatPe, and Paytm. The post NPCI to roll out one Soundbox …
PhonePe has achieved a major milestone with 50 million registered merchants. This growth signifies a significant step in bringing financial services to more Indians. The platform now offers a wide range of solutions beyond just payments. This includes loans a…