Copyright indiatimes
At Global Fintech Fest 2025 in Mumbai, Mastercard’s Gautam Aggarwal highlighted India’s rapid growth in digital payments, with 20 billion UPI transactions recorded in August alone. Yet, he emphasised that this milestone represents just the beginning, with 900 million people still outside active digital payment ecosystems, there’s vast untapped potential.Aggarwal sheds light on persistent barriers beyond metros, such as limited smartphone access and digital literacy, and calls for inclusive solutions that reach feature phone users and rural areas. He envisions a future where payments are truly seamless and subconscious, powered by AI, contactless ‘tap and go’ technology, and wearables.Learn how Mastercard’s long-term commitment and India’s progressive regulation together are driving inclusive growth on the path towards a $5 trillion domestic economy powered by digital finance.
