Current Affairs - Finance - Discussion

Navi, co-founded by Sachin Bansal, has achieved significant growth and has become the fifth-largest player on UPI in India. In September 2024, Navi processed an impressive 120.4 million transactions valued at ₹6,549.1 crore, surpassing Amazon Pay's UPI volumes. The company is closing in on the fourth spot, trailing Cred by just 20 million transactions. Navi's rise underscores its increasing influence in India's digital payments landscape, competing with established players like Paytm, Google Pay, and PhonePe. Its growth trajectory indicates a promising future in the fintech sector.