# Navi gains UPI market share in July, PhonePe, Google Pay slip 2026-08-17T18:16:24+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet Sachin Bansal-led Navi increased its UPI market share to 4% in July from 3.7% in June, according to NPCI data cited by Inc42. The fintech startup processed 94.7 crore transactions worth Rs 48,318 crore, up 12% and 10% month-on-month respectively. Market leaders PhonePe and Google Pay saw their combined share slip to 78.6%. PhonePe processed 1,085.8 crore transactions worth Rs 14.4 lakh crore, while Google Pay recorded 764.98 crore transactions valued at Rs 10 lakh crore. Paytm held steady at 8% market share, and Flipkart’s super.money, WhatsApp, CRED, Amazon Pay, and BHIM UPI largely retained their June shares. Smaller players collectively recovered to 3.8% share from 3.6%. Total UPI transaction volume rose 4% to 23.66 billion in July from 22.72 billion in June, and transaction value increased 3% to Rs 29.88 lakh crore. Year-on-year, volume grew 22% and value 19%. Separately, Parliament has cleared a bill enabling the government to introduce merchant discount rates on select UPI transactions, though Finance Minister Nirmala Sitharaman clarified that person-to-person payments will remain free. ## Coverage - inc42.com This story was synthesised by AI from the source linked above. Tags: Google Pay, Navi, NPCI, Paytm, PhonePe Canonical: https://indianopinion.org/navi-gains-upi-market-share-in-july-phonepe-google-pay-slip/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/navi-gains-upi-market-share-in-july-phonepe-google-pay-slip/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/