NPCI Revenue Rose 22% — Profit Still Fell 32%
India’s payments utility generated ₹4,240 crore in revenue, yet surplus dropped to ₹989 crore as taxes, marketing and the BHIM ecosystem absorbed more of UPI’s scale.
What changed, why it matters, and what most people may be overlooking.
India’s payments utility generated ₹4,240 crore in revenue, yet surplus dropped to ₹989 crore as taxes, marketing and the BHIM ecosystem absorbed more of UPI’s scale.