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Below the Quote on UPI transaction Data of November Month by Akash Sinha, CEO & Co-founder, Cashfree Payments

“UPI handling 20.47 billion transactions in November shows that India’s digital payments story is booming, even after the festive peak in October. A 32% year-on-year rise in transaction count and 22% growth in value shows that digital payments are no longer a habit for the few, they have become the default way India transacts, across metros and small towns alike. What’s especially powerful is how tier-2 and tier-3 adoption, ubiquitous QR infrastructure, and the shift toward higher-value digital payments are steadily expanding the system’s depth. With scaling of credit on UPI and launch of innovations like Reserve Pay and biometric authentication, we’re moving from digitising payments to reimagining what payments can do. The month was further a milestone for us with Cashfree being at the forefront of powering the entry of several global SaaS and ecommerce players into India, enabling seamless, compliant cross-border payments.”

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