SBI Pay

SBI and PNB see an uptake in UPI usages: Will they catch up fintech majors?

India’s largest bank’s UPI product SBI Pay had recorded 193.6 million transactions in January-March quarter as compared to 156.7 million in the previous quarter. It witnessed a growth 23.5 in terms of transaction volume during the aforementioned period. PNB had about 950,000 users on UPI during the same period