Credit and finance for MSMEs: The peer-to-merchant (P2M) UPI transactions recorded 138 per cent growth in November to 390.7 crores from 163.8 crores in November 2021, showed latest UPI data from National Payments Corporation of India (NPCI). The value of transactions also saw a 79 per cent growth from Rs 1.50 lakh crore in November last year to Rs 2.69 lakh crore last month.

P2M transactions had a 53.4 per cent share in total UPI volume of 730.9 crore transactions in November while peer-to-peer (P2P) had a 46.5 per cent share with the remaining 340.1 crore transactions. However, in terms of value, P2M transactions were limited to 22.5 per cent share only in comparison to 77.41 per cent share of P2P transactions in the overall value of Rs 11.90 lakh crore in November.