In November, Flipkart-backed super.money rose to the seventh-largest position and the sixth-largest third-party application provider (TPAP) on the nation's Unified Payments Interface (UPI), which is a real-time payments system.
The business was the 12th-biggest UPI participant in October.
According to data from the National Payments Corporation of India (NPCI), the Bengaluru-based company completed 78.49 million transactions totaling Rs 3,130 crore in November, up 58% month over month from 49.68 million transactions totaling Rs 2,167 crore.
In July 2024, the corporation began operating UPI.
In the meantime, the cumulative number of transactions executed nationwide decreased last month, according to the UPI ecosystem.
Comparing November to the prior month, transactions experienced a 7% decrease in volume to 15.48 billion and an 8% decline in value to Rs 21.55 trillion. They reached an all-time high in October thanks to Christmas sales.
The top three UPI players, who account for roughly 92% of UPI traffic, all saw a decline in transactions after the October holiday.
In November, PhonePe had 7.40 billion transactions, Google Pay 5.73 billion, and Paytm 1.07 billion. November saw an average of 483 million less transactions handled by PhonePe and Google Pay than the month before.
After launching UPI operations in August of last year, Navi remained the ecosystem's fourth-largest participant, with Cred coming in second. Cred witnessed volumes of 138.24 million, while Navi handled 152.95 million transactions.
