Finance
Mr. ManagerUPI's November Rollercoaster: 20.47bn Transactions Unleashed
Ladies and gentlemen, hold onto your wallets! November brought a wild ride for UPI! A slight dip to 20.47 billion transactions worth a staggering Rs 26.32 trillion! But wait—682 million transactions daily? That’s still a colossal number! IMPS took a tumble, but FASTag soared! Cashless India is on fire, baby! High-value transactions are the new norm! Can you feel the excitement in the air?
few days ago | Shine Jacob
Quick rundown
1.UPI transactions dipped slightly in November but remain strong overall.
2.A 32% increase in volume compared to last year shows digital payments are booming.
3.FASTag transactions are on the rise, proving that tolls are now just a tap away.
4.IMPS saw a decline, but don't worry, it's just taking a breather.
5.Digital payments are now the default choice for many Indians, from metros to small towns.
