PhonePe beats Google Pay, tops UPI app space in December: NPCI data

Google Pay had seen 960-mn transactions amounting to Rs 1.6 trn in November

Walmart-backed PhonePe has emerged the top unified payments interface (UPI) application (app) in December, with 902.03 million transactions accounting for Rs 1.82 trillion, followed by Google Pay with 854.49 million transactions worth Rs 1.76 trillion, thus, controlling the lion’s share of the UPI market, according to the data by National Payments Corporation of India (NPCI).

Google Pay has seen 11 per cent fall in transaction volume in December, compared to November. In November, Google Pay had seen 960.02 million transactions accounting for Rs 1.61 trillion, followed by PhonePe, with 868.4 million transactions worth Rs 1.75 trillion. 

According to the October data, Google