SBI, Axis, HDFC lead the pack in UPI transactions in November: NPCI
- The banks have initiated close to half or 1.1 billion of the total UPI transactions processed in November
- HDFC is the third largest UPI-player amongst banks in terms of remittances, clocking close to 179.4 million transactions
State Bank of India (SBI), Axis Bank Ltd, HDFC Bank Ltd. and Paytm Payments Bank Ltd. (PPBL) have led the pack in November among the top remitter banks, initiating close to half or 1.1 billion of the total Unified Payments Interface (UPI) transactions processed in November, according to latest data released by National Payments Corporation of India (NPCI).
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