In a big relief to Google Pay and Walmart-owned PhonePe, the National Payments Corporation of India (NPCI) has extended the ...

This extension provides significant relief to market leaders PhonePe and Google Pay, which dominate UPI transactions in India ...

NPCI introduced a regulation in November 2020 to restrict any individual third-party app provider's dominance in total UPI ...

NPCI extends the deadline for PhonePe and Google Pay to lower their market share in UPI by two years, lifting the onboarding ...

NPCI has extended the deadline for implementing a 30% cap on the market share of third-party app providers (TPAPs), such as ...

In 2024, the National Payments Corporation of India (NPCI) approved 20 third-party Unified Payments Interface (UPI) ...

NPCI extends deadline for UPI app volume cap compliance to December 2026, benefiting major players like Google Pay.

UPI market share will balance out, but it will take more time than we initially envisaged: NPCI CEO Dilip Asbe To be noted, the market cap rule does not apply to bank apps, but the banks are minor ...

India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move ...

The rise of UPI in India faces challenges from market concentration, foreign dominance, and the need for innovation.