State Bank of India, headquartered at the western Indian city of Mumbai, had the highest UPI beneficiary market share of about ** percent as of first half of financial year 2022. This was followed by Paytm with a beneficiary market share of ** percent in that time period.
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Times of India. (December 30, 2021). Beneficiary market share of Unified Payment Interface in India as of 1st half of 2022, by financial institution [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 31, 2026, from /statistics/1276526/india-upi-beneficiary-market-share-by-financial-institution/
Times of India. "Beneficiary market share of Unified Payment Interface in India as of 1st half of 2022, by financial institution ." Chart. December 30, 2021. ÌÇÐÄÆÆ½â°æ. Accessed July 31, 2026. /statistics/1276526/india-upi-beneficiary-market-share-by-financial-institution/
Times of India. (2021). Beneficiary market share of Unified Payment Interface in India as of 1st half of 2022, by financial institution . ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 31, 2026. /statistics/1276526/india-upi-beneficiary-market-share-by-financial-institution/
Times of India. "Beneficiary Market Share of Unified Payment Interface in India as of 1st Half of 2022, by Financial Institution ." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 30 Dec 2021, /statistics/1276526/india-upi-beneficiary-market-share-by-financial-institution/
Times of India, Beneficiary market share of Unified Payment Interface in India as of 1st half of 2022, by financial institution ÌÇÐÄÆÆ½â°æ, /statistics/1276526/india-upi-beneficiary-market-share-by-financial-institution/ (last visited July 31, 2026)
Beneficiary market share of Unified Payment Interface in India as of 1st half of 2022, by financial institution [Graph], Times of India, December 30, 2021. [Online]. Available: /statistics/1276526/india-upi-beneficiary-market-share-by-financial-institution/