In July 2025, PhonePe extended its dominance in the UPI ecosystem with a commanding 46.7% market share, followed by Google Pay at 36.2%. Paytm held 7.1%, while other players accounted for the remaining 10%.
Tag: Indian fintech
India and Cyprus Sign MoU to Launch Unified Payments Interface (UPI) Services in Cyprus
India and Cyprus have signed an MoU to introduce UPI-based digital payments in Cyprus, enabling real-time, secure, and low-cost transactions for individuals and businesses, and strengthening bilateral fintech cooperation.
