PhonePe reached the top after beating GooglePay, 90.20 million transactions through it in December

PhonePe has beaten GooglePay in the case of Unified Payments Interface (UPI) app. According to data released by the National Payments Corporation of India (NPCI), in the month of December, 90.20 crore transactions were done through PhonePe and through this transaction of 1 lakh 82 thousand crore rupees. According to (NPCI) data, there were a record over 223 crore transactions through UPI in December. Through this, more than 4 lakh 16 thousand crore rupees were transacted.

1 lakh 76 thousand crore rupees transactions from GooglePay

In December, 85.44 crore transactions were done with GooglePay and a total transaction of 1 lakh 76 thousand crore was done through it. 96 million transactions were done through GooglePay in November, up 11% over December. 86.84 crore transactions were done through PhonePe in November.

In November, more than 221 crore transactions were done through UPI.

According to NPCI data, there were a record 221 crore transactions through UPI in November. Through this, more than 3 lakh 90 thousand crore rupees were transacted. At the same time, there were about 210 crore transactions in October. More than 3 lakh 86 thousand crore rupees were transacted through these transactions.

Google and PhonePe occupy 78% of the UPI market

Google and PhonePe app have captured the UPI market. They both accounted for 78% of the total UPI transactions in December. At the same time, they accounted for 86% of the transactions done through UPI.