Nov UPI transactions hit new high of Rs 17.4 lakh cr, up 46% yoy. Volume fell 1.5% to 1,124 cr, 54% higher yoy. Shift in consumer behavior, convenience features, digital adoption by merchants & rising P2M transactions driving growth. P2M share rose to 57.5% in Jun 2023. UPI expected to breach 100 cr transactions/day by FY27.