New Delhi, Aug. 28 -- Urbanisation and digitisation have transformed the way India consumes. From shopping apps to payments, financial services, and entertainment, connectivity has spread to the last mile, driving demand across both urban and rural India.

At the heart of this shift is India's financial digitisation journey. UPI now processes billions of transactions a month, offering not just convenience but also access to credit through innovations like "credit on UPI." While "Buy Now Pay Later" (BNPL) first gained popularity globally, its growth in India since 2018 has been extraordinary, supported by widespread merchant adoption.

Today, everyone from a neighborhood grocer to a national retail chain can accept digital payments. This d...