WhatsApp overtook CRED in Unified Payments Interface (UPI) transaction volume in June, processing 150.48 million transactions compared with CRED's 141.78 million, according to data released by the National Payments Corporation of India (NPCI).
The crossover comes in the same month that CRED founder Kunal Shah stepped down from the fintech firm to take over as the global CEO of WhatsApp. Miten Sampat was named interim CEO of CRED following Shah's move.
In May, CRED had processed 157 million UPI transactions, ahead of WhatsApp's more than 150 million transactions.
Despite its lower transaction volume in June, CRED processed transactions worth Rs 55,117 crore and accounted for 1.91% of UPI transaction value. WhatsApp's transaction value stood at Rs 11,392 crore, translating to a 0.39% share.
Meanwhile, Walmart-backed digital payments platform PhonePe retained its dominance in the UPI ecosystem with 10.48 billion transactions in June, compared with 10.73 billion in May.
This was the fourth consecutive month that PhonePe processed more than 10 billion UPI transactions. The platform first crossed the 10 billion monthly transaction milestone in March 2026.
UPI recorded 22.72 billion transactions during June, compared with 23.2 billion transactions in May. The total transaction value declined to Rs 28.92 lakh crore from Rs 29.90 lakh crore in the previous month.
PhonePe accounted for 46.15% of total UPI transaction volume in June. In value terms, the platform held a 49.07% share after processing transactions worth Rs 14.19 lakh crore.
Google Pay retained the second spot with 7.41 billion transactions during June, translating to a 32.61% market share by volume. By value, its share stood at 33.44% after transactions worth Rs 9.67 lakh crore.
Paytm remained the third-largest UPI player with 1.80 billion transactions. The fintech major captured 7.92% market share by volume and 6.66% by value, with transactions worth Rs 1.93 lakh crore.
Among other players, Navi recorded 842.51 million transactions in June, up from more than 824 million in May, and captured a 3.71% share by volume. Flipkart-backed super.money processed 430.24 million transactions, while BHIM registered 223.54 million transactions during the month.
FamApp by Trio recorded 195.31 million transactions during the month, while Axis Bank's apps contributed 136.16 million transactions across customer-initiated, B2C, and B2B payments.
PhonePe and Google Pay together accounted for 78.76% of UPI transaction volume and 82.51% of transaction value during June. The two platforms continued to remain far ahead of other players in the country's UPI ecosystem.