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The NPCI had first proposed a 30 per cent market cap for third-party UPI app providers in November 2020 in a bid to allow competition in this space. Two top players — PhonePe and Google Pay ...

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This decision comes as a relief for leading players like PhonePe and Google Pay, which have dominated the Indian UPI ecosystem. First proposed in 2020, the market cap aimed to restrict any single ...

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This is the second such extension for the market cap deadline. Initially introduced ... The move will come as a relief for PhonePe and Google Pay, who continue to dominate the UPI payments ...

New Delhi: In a relief to major players like PhonePe and Google Pay, NPCI has extended the deadline for implementing a 30 per cent volume cap on third-party Unified Payments Interface (UPI ...