India, May 8 -- Walmart-owned fintech major PhonePe has retained its leadership in the unified payments interface (UPI) ecosystem with a market share of 48.87% in April across peer-to-peer and peer-to-merchant transactions.

As per National Payments Corporation of India's (NPCI) data, PhonePe logged 6.5 Bn transactions via UPI out of the total 13.3 Bn transactions. In terms of value, the company clocked transactions worth INR 10 Lakh Cr.

Meanwhile, Google Pay and Paytm have retained their second and third spots respectively in UPI transactions.

Google Pay processed 5 Bn transactions translating to a market share of 37.5%, while volume on Paytm hit 1.1 Bn translating to a market share of 8.3%.

In terms of value, both Google Pay and Payt...