UPI In August: Navi’s Market Share Climbs To 4.4%, PhonePe & Google Pay Slip

Sachin Bansal-led Navi continued to gain ground in the UPI market in August, with its share of transaction volumes rising to 4.4% from 4% in July. The fintech platform’s market share has risen steadily over the past few months, from 3.7% in June to 4% in July and 4.4% in August, according to Inc42’s calculations based on NPCI data. Navi processed around 1.08 Bn UPI transactions worth ₹52,512.85 Cr during the month, compared with approximately 947 Mn transactions worth ₹48,318 Cr in July.