Unified Payments Interface recorded 20.47 billion transactions worth Rs 26.32 lakh crore in November, as per data released by the National Payments Corporation of India.
PhonePe remained the largest UPI app during the month. The Walmart-backed fintech firm processed 9.33 billion transactions, which formed 45.6% of total UPI volume and 48.5% of total transaction value.
PhonePe gained market share in November despite a slight decline in transaction volume compared with October.
Google Pay ranked second with 7.03 billion transactions in November. The…

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