UPI February 2025 Rankings – Flipkart-Backed Super.money Overtakes Cred To Enter Top 5

According to data from the National Payments Corporation of India (NPCI), Unified Payments Interface (UPI) transactions worth Rs 21,96,481.69 crore were conducted in February 2025. This was slightly lower than January's figure of Rs 23,48,037.12 crore, reflecting a minor decline in transaction value.

Top 10 UPI Apps In February 2025

Application Name	Total Transactions Volume	Total Transactions Value
PhonePe	7,656.40 million	11,18,963.81 crore
Google Pay	5,836.80 million	7,71,089.15 crore
Paytm	1,079.64 million	1,17,090.29 crore
Navi	260.75 million	14,322.97 crore
Super.money	139.10 million	4,812.44 crore
Cred	126.48 million	45,127.72 crore
Axis Bank Apps	117.70 million	9,197.33 crore
Amazon Pay	93.31 million	9,077.30 crore
FamApp by Trio	77.08 million	876.12 crore
Whatsapp	58.86 million	4,349.62 crore

Compared to last month's data, the top 10 UPI apps remain unchanged in terms of presence, but there has been a slight reshuffling in rankings. Notably, Flipkart Group-backed Super.money surpassed Bengaluru-based fintech Cred. In January 2025, Cred held the fifth position with total UPI transactions worth Rs 49,482.95 crore, whereas Super.money was in the seventh spot with Rs 4,565.57 crore.

Comparison With February 2024

In February 2024, PhonePe, which is expected to launch its initial public offering (IPO) in 2025, topped the list with UPI transactions worth Rs 9,15,586.00 crore. It was followed by Google Pay (Rs 6,37,264.65 crore), Paytm (Rs 1,59,569.47 crore), Cred (Rs 38,649.61 crore), and Amazon Pay (Rs 6,278.02 crore). The comparison indicates a significant increase in UPI transaction values across most platforms, with some companies showing more aggressive growth than others.

A notable shift from last year is the absence of BHIM (Bharat Interface for Money) UPI app, ICICI Bank apps, HDFC Bank apps, and Kotak Mahindra Bank apps from the top 10 list. These apps have been replaced by other fintech platforms that have gained popularity and transaction volume over the past year. Axis Bank apps, which held the eleventh spot in February 2024, have climbed to the seventh position in February 2025, demonstrating strong growth in UPI transactions.

Banks That Dropped Out Of The Top 10 Rankings In 2025

• ICICI Bank apps: Dropped to the eleventh position with total UPI transactions worth Rs 14,374.53 crore.
• Kotak Mahindra Bank apps: Ranked twelfth with Rs 6,872.10 crore in transactions.
• HDFC Bank apps: Slipped to the thirteenth position with total transactions of Rs 10,547.64 crore.

The UPI ecosystem continues to evolve, with third-party apps gaining traction and traditional banking apps losing ground in transaction volumes. The rise of newer fintech players like Mumbai-based Super.money and Bengaluru-based financial super app Navi indicates a shifting landscape where innovation and customer engagement drive success. As 2025 progresses, it will be interesting to see how competition intensifies, especially with PhonePe's anticipated IPO and further market expansions by other players.