Flipkart’s Super.Money Pushes CRED Out Of Top 5 UPI App In Feb

The Unified Payments Interface (UPI) recorded a 5.2% decline in transaction volume, totaling 16.11 billion in February 2025. While the top three UPI apps—PhonePe, Google Pay, and Paytm—continued to dominate the market, Flipkart’s Super.money entered the top five for the first time.

PhonePe accounted for 47.54% of transaction volume (7,656.40 million) and 50.94% of the total value (Rs 11,18,963.81 crore). Google Pay secured the second position, processing 5,836.80 million transactions (36.24% volume share) worth Rs 7,71,089.15 crore (35.11% value share). Paytm recorded 6.70% volume share and Rs 1,17,090.29 crore in value (5.33% value share).

Among smaller players, Cred stood out with Rs 45,127.72 crore in transactions (2.05% value share), despite a 0.79% volume share. Navi and super.money held minor shares, processing 260.75 million and 139.10 million transactions, respectively.

In terms of volume, Super.money has replaced CRED to become 5th largest UPI app in the last month.

Axis Bank Apps played a crucial role in B2C transactions, processing 100.15 million payments worth Rs 4,638.45 crore, while Amazon Pay handled 93.31 million transactions worth Rs 9,077.30 crore.

As UPI adoption continues to grow, PhonePe and Google Pay control over 83% of the market, with Paytm striving to stay competitive.

NPCI Chief Dilip Asbe recently revealed that UPI has 450 million users, with 200 million active daily. He emphasized the need for RBI, the government, and financial institutions to support strategies aimed at onboarding 200-300 million more users.