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Below the Quote on UPI transaction Data of November Month by Anand Kumar Bajaj, Founder, MD & CEO, PayNearby

"With 20.47 billion transactions and a value of Rs.26.32 lakh crore in November, UPI has touched a new milestone. The 32% increase in the number of transactions and 22% growth in the value year-on-year demonstrate that digital payments have become deeply rooted in everyday life, with small merchants and consumers from across Bharat transacting with absolute trust and ease.

What stands out is the 682 million daily transactions, indicating not just scale but trust. This increase is due to the rapid growth of QR acceptance, interoperable wallets, and digital financial services for the last mile. This demonstrates that digital payments are now the foundation of commerce in India from metros to the smallest gram panchayats.

When innovations such as Credit on UPI, conversational payments, and AI-led risk intelligence become mature in the years to come, we will see an even more digitally inclusive economy. At PayNearby, we remain committed to facilitating this expansion by equipping retailers and micro-entrepreneurs with a frictionless, secure, and hyperlocal digital payment infrastructure so that Bharat can fully and confidently be a part of India’s digital ‍‌‍‍‌‍‌‍‍‌progress".

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