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»PhonePe Finally Overtook Google Pay In UPI Payment Stakes And That Is Crucial As UPI Cap Is Live 2-MIN READ PhonePe Finally Overtook Google Pay In UPI Payment Stakes And That Is Crucial As UPI Cap Is Live PhonePe clocked 902.03 million user-initiated transactions in December which amounted to a value to Rs 182,126.88 crore. Google Pay slipped into second position, with 854.49 million customer-initiated transaction volume valued at Rs 176,199.33 crore. FOLLOW US ON: It has been a fairly long battle between digital payment apps Google Pay and PhonePe saw a new winner in December, with PhonePe taking the lead in the monthly UPI transactions. This comes after months of what has been av very close fight for supremacy between PhonePe and Google Pay, as digital payments continue to remain in focus in India. According to the latest numbers by the National Payments Corporation of India (NPCI), PhonePe clocked 902.03 million user-initiated transactions in December whi ....