Payments Instruments Rails

India’s digital payments story is akin to none. The past five years have seen a massive transformation. UPI hit record-high numbers, AePS transformed the transfer of subsidies to beneficiaries, merchants now conduct digital B2B payments, and FinTechs have disrupted the payments space with unique solutions.

Despite this accelerated growth, a large share of the population still lacks access to these services, indicating considerable room for growth in digital payments. The proliferation of mobile phones and internet connectivity in rural markets can be the game-changer that will lead to the growth of digital payments in India in the coming years.

We have been at the forefront of analyzing and reporting these trends using pitchbook formats for the past few years. We have now automated the analyses and reporting of the payments data.

With an unwavering focus on India’s growing digital payment ecosystem, we built an in-house dashboard—Payments Instruments Rails (PIN Rails). It provides deep insights, data trends, and multiple features for analysis with a holistic view of the transformation of digital payments.

PIN Rails will serve as a public good for various industry players, such as FinTechs, banks, thought leaders, and other development consulting firms.