DPI Deep Dive — Tuesday | March 31, 2026
DPI Deep Dive — Tuesday | March 31, 2026 Focus Layer: L2 Payments & Financial Rails (NPCI, UPI, RuPay) Coverage Period: March 24-31, 2026 Executive Summary India’s UPI ecosystem continues its unprecedented growth trajectory, crossing 800 million daily transactions in early March 2026. While PhonePe maintains market leadership, the company has shelved its IPO plans citing geopolitical tensions. International players are circling the Indian market—Apple Pay is reportedly launching mid-2026, while Revolut is betting big on India as a global tech hub. This week’s developments highlight both the resilience of India’s digital payments infrastructure and the intensifying competitive landscape. ...