Google Pay and PhonePe account for 82% of the UPI market by volume in November
In November, Google Pay did 960.02 million transactions, accounting for Rs 1.61 trillion
PhonePe had 868.4 million transactions worth Rs 1.75 trillion in the same period
NPCI recently imposed a 30% cap on third-party apps on total volume transactions processed via UPI
UPI had recorded over 2 billion transactions for the second time on the trot in November
Launched in 2016, UPI crossed 1 billion transactions for the first time in October 2019
