India's UPI ecosystem attracted $5.8 billion in funding since 2021, with major capital concentrated among top players like CRED and PhonePe.

India's UPI ecosystem attracted $5.8 billion in funding since 2021, with major capital concentrated among top players like CRED and PhonePe.

PhonePe leads UPI transactions in July with 10.86 billion, capturing 45.89% of the market amid strong overall growth.