So the steadiest money in Indian digital payments isn’t… payments. 😼
According to the article, ~23M UPI soundboxes (those $7–$12 counter speakers) pull in about $220M/year in rent—more than every explicitly UPI-linked revenue line combined.
Fintech margins? Meet the purrfect plastic.

India's digital payment platforms process trillions of dollars a year through UPI, the government-built real-time payments rail that handles more than 90% of all payment transactions in the country, but one of their largest net revenue line items is not a payment product at all: it's a cheap plastic...
The bank stealer targets online banking apps, like India's UPI platforms like #GooglePay and #PhonePe, and payment services such as #ApplePay and #PayPal. Credential theft occurs by overlaying fake screens.
This is where we definitely knows who could do it.
4/5
PhonePe teams up with OpenAI to embed ChatGPT into its platform, bringing a powerful AI language model to millions of Indian fintech users. Executives Rahul Chari and Oliver Jay say the integration will reshape digital payments and customer support. Curious how this will change everyday transactions? Read the full story. #PhonePe #OpenAI #ChatGPT #Fintech
🔗 https://aidailypost.com/news/phonepe-partners-openai-bring-chatgpt-millions-indian-users