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      Question

      What percentage of UPI transaction volume is attributed

      to PhonePe, according to RBI analysis?
      A 68% Correct Answer Incorrect Answer
      B 53% Correct Answer Incorrect Answer
      C 45% Correct Answer Incorrect Answer
      D 58% Correct Answer Incorrect Answer
      E 62% Correct Answer Incorrect Answer

      Solution

      PhonePe accounted for 58% of the total UPI transaction volume, as per the RBI's September 2025 bulletin. It also accounted for 53% by value. These figures highlight the dominant role of PhonePe in India’s digital payments landscape.

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