---
title: "Indian payments chief thinks AI will be heavily involved in next era of digital payment growth"
url: https://daily.dev/posts/indian-payments-chief-thinks-ai-will-be-heavily-involved-in-next-era-of-digital-payment-growth-btzvdinmg
source_url: https://techcrunch.com/2026/06/27/indian-payments-chief-thinks-ai-will-be-heavily-involved-in-next-era-of-digital-payment-growth
type: article
source: "TechCrunch"
published: 2026-06-28T05:02:24.431Z
updated: 2026-06-28T05:02:50.853Z
tags: ["fintech", "fraud-detection", "digital-payments"]
reading_time: 4
upvotes: 0
comments: 0
language: en
---

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# Indian payments chief thinks AI will be heavily involved in next era of digital payment growth

**[TechCrunch](https://daily.dev/sources/tc)** · 4 min read · 0 upvotes · 0 comments

## Summary

Dilip Asbe, MD and CEO of India's National Payments Corporation of India (NPCI), outlines how AI will drive the next phase of UPI growth — targeting a billion daily transactions. Key areas include reaching new users via voice and multilingual interfaces, fraud detection, mule identification, and credit distribution using digital footprints. Asbe also sees an opportunity for Indian banks and fintechs to build small, domain-specific language models trained on India's rich payments data. NPCI's FIMI model, launched last year for dispute resolution, is already serving over a million users. On competition, Asbe acknowledges PhonePe and Google Pay hold over 80% market share and argues that viable commercial models for UPI apps are the key to attracting new entrants. A 30% market share cap is set to take effect December 31, 2026.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2026/06/27/indian-payments-chief-thinks-ai-will-be-heavily-involved-in-next-era-of-digital-payment-growth>

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---

Tags: [#fintech](https://daily.dev/tags/fintech), [#fraud-detection](https://daily.dev/tags/fraud-detection), [#digital-payments](https://daily.dev/tags/digital-payments)

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