Digital India

DPI Weekly Deep Dive — India’s GCC FinTech Boom | Week of March 23-29, 2026 Executive Summary India’s Digital Public Infrastructure (DPI) has reached a pivotal inflection point. The week of March 23-29, 2026 sees European fintech giant Revolut announce plans to base approximately 40% of its global workforce in India by year-end, expanding its India Global Capability Centre (GCC) to 5,500 employees from the current 3,900.1 This announcement follows a broader trend: India’s GCCs have evolved from cost-optimization centers to innovation powerhouses, leveraging the country’s world-class digital payments infrastructure—UPI, RuPay, and Aadhaar—as the foundation for building global products. ...

DPI Brief — March 29, 2026 Today’s DPI Updates (7 Layers) L1: Identity & Authentication No major Aadhaar or eKYC news today. UIDAI continues to process updates through official channels. L2: Payments & Financial Rails UPI Processes 16.6 Billion Transactions in February 2026: India’s Unified Payments Interface processed 16.6 billion transactions in February 2026, worth approximately $274 billion (₹23 lakh crore), according to NPCI data. This represents continued strong growth in digital payments adoption across India. 1 ...

DPI Brief — March 28, 2026 Today’s DPI Updates (7 Layers) L1: Identity & Authentication No major updates recorded in the last 24 hours. L2: Payments & Financial Rails UPI Transaction volumes remain robust: NPCI data shows UPI processed ₹27.28 lakh crore in October 2025 with 20.7 billion transactions. Currently, more than 20 billion transactions are processed monthly, with growth slowing to 25% in FY26 from 42% previously. International UPI transactions nearly doubled to approximately 1.48 million in FY26, up from 0.75 million. 1 ...

DPI Brief — March 27, 2026 Today’s DPI Updates (7 Layers) L1: Identity & Authentication No significant updates reported in the last 24 hours. L2: Payments & Financial Rails Revolut to Base 40% of Global Workforce in India by 2026: European fintech major Revolut announced plans to have approximately 40% of its global workforce based in India by the end of 2026, as it expands its India Global Capability Centre (GCC). The company committed £500 million (~$670 million) to its India business and GCC over five years in 2025, and will fill 1,600 roles in its India centre through 2026, taking its headcount in the country to 5,500 by year-end. India’s CEO Paroma Chatterjee noted that about a third of Revolut’s processes are now run from India, including routine transaction monitoring and AI-based alerts. Notably, innovations developed in India, such as video-based KYC systems, are being deployed across global markets to improve onboarding and operational efficiency. 1 ...

DPI Brief — March 26, 2026 Today’s DPI Updates (7 Layers) L1: Identity & Authentication UIDAI Updates Aadhaar Enrollment Documentation: The Unique Identification Authority of India (UIDAI) has updated its FAQ documentation for Aadhaar enrollment and updates. The latest updates clarify address proof requirements for residents with multiple addresses (present and native), addressing common enrollment queries. UIDAI’s website shows recent content reviewed as of March 20, 2026. 1 L2: Payments & Financial Rails No significant updates reported in the last 24 hours. ...

DPI Brief — March 25, 2026 Today’s DPI Updates (7 Layers) L1: Identity & Authentication Aadhaar at 1.44 Billion, eKYC Drives Financial Inclusion: India’s Aadhaar system continues to power digital identity at scale, with over 1.44 billion numbers generated. The eKYC ecosystem has transformed banking, with major public and private sector banks reporting significant reduction in onboarding costs and time. UIDAI continues to enhance security features, including biometric updates and OTP-based authentication for high-value transactions. 1 ...

DPI Brief — March 23, 2026 Today’s DPI Updates (7 Layers) L1: Identity & Authentication Aadhaar Coverage Reaches 1.44 Billion: India’s Aadhaar identification system has achieved near-universal coverage with over 1.44 billion numbers generated as of March 2026, effectively covering the entire population. This foundational DPI layer continues to power authentication across banking, government services, and digital payments. The scale enables seamless eKYC processes that have transformed financial inclusion and service delivery across India. 1 ...

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 ...

DPI Brief — March 21, 2026 Today’s DPI Updates (7 Layers) L1: Identity & Authentication [Aadhaar, eKYC] No significant updates reported in the last 24 hours from UIDAI or eKYC services. L2: Payments & Financial Rails [UPI, NPCI, RuPay] India’s Digital Economy to Reach 20% of GDP by 2030 India’s digital economy is projected to account for nearly 20% of the country’s GDP by 2030, driven by a growth rate that is double that of the broader economy. Speaking at Nasscom Global Confluence 2026, MeitY Secretary S Krishnan stated that the digital economy—encompassing IT, IT-enabled services, and the electronics sector—currently contributes about 13% to India’s GDP. This upward trajectory will be accelerated by increased adoption of Artificial Intelligence across sectors. 1 ...

DPI Brief — March 20, 2026 Today’s DPI Updates (7 Layers) L1: Identity & Authentication [Aadhaar, eKYC] No significant updates reported in the last 24 hours from UIDAI or eKYC services. L2: Payments & Financial Rails [UPI, NPCI, RuPay] PhonePe Shelves IPO Amid Global Market Volatility Walmart-backed PhonePe, India’s largest digital payments platform, has postponed its Initial Public Offering (IPO) citing ongoing geopolitical tensions and volatile market conditions. The company, which leads the UPI ecosystem in transaction volumes, was aiming for a $15 billion market capitalization with plans to raise up to $1.5 billion. Investment bankers had reportedly suggested lowering valuation expectations to about $9 billion. ...