Google Pay and PhonePe account for 82% of the UPI market by volume in November

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