Harsh Vardhan Masta, Head of Payments at Policybazaar

Over the past few years, digital transactions have moved from the periphery to the core of India’s economic engine. What began as an experiment in convenience has evolved into a systemic enabler of efficiency, inclusion, and scale. Today, the velocity and volume of real-time digital payments are helping shape the contours of India’s formal economy, from credit access and insurance adoption to government transfers and business productivity. In June 2025 alone, the UPI platform recorded over...