SBI Emerges Single Largest Players In UPI After YES Bank Fiasco
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SBI has become the largest in the Unified Payments Interface (UPI) space as the YES Bank fiasco in March helped the state-owned bank to ramp the digital payments play. According to the National Payments Corporation of India’s (NPCI) data, SBI registered the maximum share of UPI-based transactions in the first four months of 2020. Notably, SBI had facilitated 1.3 Bn transactions in the first four months.