UPI has become the most widely used way people send and receive money in India, processing over 12 billion transactions a month.
The NCPI is considering increasing the market share limit for UPI operators to more than 40% as they struggle to enforce the initial 30% limit.
The move to raise market share limits is controversial, with several UPI providers hoping regulators will curb the dominance of PhonePe and Google Pay.
PhonePe's CEO stated that the startup cannot pursue public listing if there is ongoing uncertainty regarding regulatory measures.
Collection
[
|
...
]