Google Pay, PhonePe account for 82% of UPI market by volume in Nov

Walmart-backed PhonePe and Google-backed Google Pay have the lion’s share of the unified payments interface (UPI) market. 

According to the data released by the National Payments Corporation of India (NPCI), Google Pay and PhonePe together have more than 82 per cent of the market by volume and more than 86 per cent by value. 

In November, Google Pay had done 960.02 million transactions, accounting for Rs 1.61 trillion, followed by PhonePe, with 868.4 million transactions, worth Rs 1.75 trillion.

New entrant into the market WhatsApp Pay had done 300,000 transactions in November, worth Rs 13.87 crore. 

Paytm’s UPI transactions in