India, March 27 -- India's foundational Digital Public Infrastructure (DPI) comprising Jan Dhan Accounts, Aadhar and Mobile have revolutionised financial inclusion and welfare delivery by making digital transactions accessible. India is continually experiencing an upward surge in digital payments volume and value, most notably augmented by Unified Payments Interface (UPI). Digital transactions make up about 99.8% of all transactions by volume, with payment volumes having grown 38x and Compound Annual Growth Rate (CAGR) by 52.5% in volume and 13% in value in the past decade. Further, in 2025, India processed an average of 20 billion UPI transactions on average per month.

This scale represents a double-edged sword. Every transaction is a d...