DPI Brief — March 22, 2026
DPI Brief — March 22, 2026 Today’s DPI Updates (7 Layers) L1: Identity & Authentication No major updates reported in the last 24 hours. L2: Payments & Financial Rails PhonePe Shelves IPO Amid Global Market Volatility Walmart-backed PhonePe, India’s largest digital payments platform, has put its IPO plans on hold, citing geopolitical tensions and volatile stock markets. According to NPCI data for February 2026, PhonePe processed approximately 9.3 billion transactions worth roughly ₹13.1 trillion ($141.9 billion), maintaining its leadership position in the UPI ecosystem. Google Pay followed with 6.8 billion transactions worth around ₹9 trillion ($97.8 billion). The shelving of PhonePe’s IPO highlights the challenges facing Indian fintech companies in the current global economic environment. 1 ...