The decision by India's payments regulator to limit UPI transactions could reshape the mobile payments landscape, impacting major players like PhonePe and Google Pay.
PhonePe's co-founder expressed concern that regulatory uncertainty hampers their plans to go public, potentially affecting their significant market share.
The proposed regulation, aiming to curb excessive dominance, highlights the competitive pressures in India's digital payment space, raising concerns for emerging fintech startups.
The UPI platform, processing over 13 billion transactions monthly, underscores the importance of clear regulatory guidelines for the sustainable growth of India's digital payments ecosystem.
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