Digital gold platforms form DPMACI, a self-regulator chaired by Nirupama Soundararajan
PhonePe, CRED, BharatPe, MobiKwik, Paytm, MMTC-PAMP, SafeGold and Augmont are among founding members of DPMACI, which mandates 1:1 physical metal backing, independent audits, custodians and an Ombudsman framework for India's fast-growing digital bullion market.
What happened
India's digital gold and silver players launched DPMACI, a self-regulatory body chaired by Nirupama Soundararajan, mandating 1:1 metal backing, independent
Key facts
- 90% UPI share
- 1:1 physical backing
Why this matters
Consolidation likely accelerates as sub-scale platforms struggle with audit and custodian overhead—scout tuck-in targets among non-DPMACI players and lock in custodian/refiner partnerships before terms harden.