Also in the letter:
■ Deeptech funding in 2025
■ B9 founder on company crisis
■ Karnataka’s data centre play
UPI surge stalls NPCI’s other retail payment modes

India’s digital payments story is increasingly a one-track race. While the Unified Payments Interface (UPI) continues to compound in scale and mindshare, other payment rails under the National Payments Corporation of India (NPCI) are either slowing or…

![[CITYPNG.COM]White Google Play PlayStore Logo – 1500×1500](https://startupnews.fyi/wp-content/uploads/2025/08/CITYPNG.COMWhite-Google-Play-PlayStore-Logo-1500x1500-1-630x630.png)