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Why are UPI centric apps not in this list? PhonePe, BharatPe? Pretty kickass consumer products to support digital payments at literal roadside stalls all over India

Bro still they are nowhere close in terms of revenue and anything compared to above ones

The growth of UPI products is basically restricted to India, owing to the fact that it doesn't even exist anywhere abroad (apart from a handful until very recently). Even companies in this list like Uber turned a profit only around 2023, ever since i

Hopefully. Yes. Also it’s not just about the profitability but also about the TAM.

Yes, TAM is restricted due to government policy in the case of UPI. Again, it's nothing different from what companies like Uber have had to tackle before. Sometimes unethically too, so yeah I guess we'll get there lol