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PhonePe, Google Pay duopoly weakens as market share slips below 80%

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.

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Economic TimesLean R·2h ago
PhonePe, Google Pay duopoly weakens as market share slips below 80%
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.
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PhonePe, Google Pay duopoly weakens as market share slips below 80%

How 1 sources are covering this

PhonePe, Google Pay duopoly weakens as market share slips below 80%

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