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Navi Surpasses Axis Bank In UPI Transactions In September

Inc42 · 8m

Navi, the fintech unicorn founded by Sachin Bansal, climbed to the fifth position in terms of UPI transactions in September. It processed 120.41 million transactions, a 35.74% increase from the previous month. The value of Navi's UPI transactions in September was INR 6,549 crore. This achievement puts Navi ahead of Axis Bank's apps in terms of UPI transactions. The top three positions in UPI transactions remained unchanged, with PhonePe, Google Pay, and Paytm leading the way. Kunal Shah's CRED occupied the fourth position.