UPI crosses 20 billion monthly transactions — what breaks next?

The rails that carry India’s money are straining under their own success.

In Bengaluru, the change was felt first by the people who track it for a living. Analysts were divided on how durable the shift will prove.

The story, as ever, is in the distribution: who gains, who waits, and how long the advantage lasts once the initial momentum fades. That is the question this week leaves open.