It became the largest and fastest-growing UPI beneficiary bank in India.
It becomes the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month.
State Bank of India (SBI) topped the chart of being the biggest remitter in December 2021, according to data released by the National Payments Corporation of India (NPCI).
Beneficiary banks are the banks of the account holder who is receiving money.