UPI breaks 5-month growth streak; transactions decline 0.71% in November

In November, UPI recorded 4.18 billion transactions worth Rs 7.68 trillion

After a stellar showing by India’s flagship payments platform, Unified Payments Interface (UPI), in October, wherein the volume of transactions crossed 4.2 billion and value of those transactions surpassed the $100-billion (Rs 7.49-trillion) mark, it has continued this momentum in November, with the platform recording 4.18 billion transactions in November, amounting to Rs 7.68 trillion. But on a month-on-month basis, both the volume and value of transactions dipped somewhat — 0.71 per cent in volume terms and 0.4 per cent in value terms, given the high base. 

In October, the UPI platform touched record highs — both in terms of value