By:- Anand Kumar Bajaj, Founder, MD & CEO, PayNearby
“The sustained growth in the digital payment ecosystem in India is an affirmation of the penetration of real-time payment systems in the day-to-day life of the people. Unified Payments Interface (UPI) processed 22.64 billion transactions worth 29.53 lakh crore in March 2026, marking its emergence as one of the trusted payment systems in the country.
What stands out is the widening adoption across Bharat, where small merchants and consumers are increasingly embracing digital transactions. At PayNearby, we are witnessing this shift closely through PayNearby Saathi, which is helping onboard the next wave of users by enabling assisted to self-service digital adoption across communities.
As the ecosystem is growing, focus on security, innovation, and integration of credit will play an important role in building greater confidence in the use of digital payment systems. Building an inclusive digital payment ecosystem will continue to play an important role in building the next level of growth in the digital payment ecosystem.”
