Endgame for Cash? 2 out of 3 payment transactions likely to be digitized by 2026

Prateek Roongta, Partner and Managing Director, and Karthik Raghupathy, Head of Strategy and Investor Relations at PhonePe, discuss at length the key drivers of the rapid growth of India’s digital payments ecosystem—one that will nearly triple to $10 trillion by 2026 from the current $3 trillion. The podcast underscores why cash will no longer remain king by 2026, the year when we are likely to see two out of every three payment transactions being digitized and, thus, inverting the digital (non-cash) contribution to payments by value from approximately 40% today to about 65% by 2026.