Friday, 24 March, 2023

NPCI initiates talks with Govt, as e-payment companies argue against proposed market share cap

<p>The body running Unified Payments Interface (UPI), National Payments Corporation of India spoke to authorities who have proposed a market share cap that will directly affect the transaction firms operating in India. Among the companies that partake in UPI-based payments, PhonePe and Google Pay are the leading companies in the market making 80% share. These companies have requested the authorities to extend the market cap planned for January 2023 to 3-5 years later.</p>