SynopsisPhonePe's revenue grew while its net loss widened significantly in FY26. Paytm's revenue increased and it achieved profitability against a prior year loss. Paytm's cost management and financial services distribution drove its faster monetization. PhonePe's UPI dominance offers distribution but faces monetization challenges. Future growth for PhonePe hinges on operational efficiency and product diversification.PhonePe remains India’s largest consumer payments platform, but rival Paytm is ahead on monetisation and profitability. A comparison of their FY26 results shows that the costs and revenue mix influences earnings more than the Unified Payments Interface (UPI) scale.PhonePe’s FY26 revenue rose 11% to Rs 7,920 crore, while its net loss widened 62% to Rs 2,792 crore. Paytm’s revenue grew 22% to Rs 8,437 crore, and it posted a Rs 552-crore profit,Now Playing