NPCI to implement the market cap deadline of 30%

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The National Payments Council of India (NPCI) is reportedly in talks with Reserve Bank of India (RBI) officials about implementing the 30% market cap deadline.

When the rule is implemented, the volume of the Unified Payments Interface (UPI) will be limited to 30% per app. The NPCI is weighing all options, and no final decision on extending the deadline of December 31 has been made, according to ET, citing sources. The NPCI has received requests from industry stakeholders and may make a decision on whether or not to implement the TPAP guidelines by the end of November. The NPCI has also been looking into ways to implement the market share cap without limiting end-user experience. PhonePe currently has nearly 50% of the UPI market, while Google Pay has nearly 35%.

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NPCI to implement the market cap deadline of 30%

The National Payments Council of India (NPCI) is reportedly in talks with Reserve Bank of India (RBI) officials about implementing the 30% market cap deadline.

When the rule is implemented, the volume of the Unified Payments Interface (UPI) will be limited to 30% per app. The NPCI is weighing all options, and no final decision on extending the deadline of December 31 has been made, according to ET, citing sources. The NPCI has received requests from industry stakeholders and may make a decision on whether or not to implement the TPAP guidelines by the end of November. The NPCI has also been looking into ways to implement the market share cap without limiting end-user experience. PhonePe currently has nearly 50% of the UPI market, while Google Pay has nearly 35%.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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