PhonePe has overtaken Google Pay to become UPI market leader
Total transactions on PhonePe stood at over 902 million in December 2020
Google Pay saw 854.49 million transactions in the same period
The data was released by National Payments Corporation of India
PhonePe witnessed 4% growth during November – December
Google Pay witnessed 11% fall
UPI recorded 105% growth in value of transactions last year
Lockdown prompted more people to opt for digital payments
