India's central bank has requested non-banking financial institutions to adhere to the cash payout limit for loans. The country is set to postpone the implementation of caps on the Unified Payments Interface (UPI) market share, favoring companies like Google Pay and PhonePe. The National Payments Corporation of India (NPCI) is likely to extend the market cap deadline, challenging the UPI duopoly. Concerns about profitability and the Google Pay-Paytm duopoly were raised at an RBI-UPI stakeholder meeting.
ET Now Exclusive | As per sources, RBI-UPI stakeholder meet held yesterday; concerns about more profitablity and Google Pay-Paytm duopoly raised Here is @AASTHACHOPRA13 with the rest of the details š https://t.co/taNyAJeOWK
ET Now Exclusive | As per sources, RBI-UPI Stakeholder meet held yesterday; concerns about more profitablity and Google Pay-Paytm duopoly raised Here is @AASTHACHOPRA13 with the rest of the details š https://t.co/LKVon2erI2
#NPCI to delay payments market cap, helping Walmart-backed #PhonePe, Google Pay NPCI will extend by as much as two years a year-end deadline to cap at 30% the market share of any company processing payments via the #UPI. https://t.co/JQZdB1tiDQ
India weighs delaying caps on UPI market share in win for PhonePe, Google Pay: https://t.co/BkL6ivwlZP by TechCrunch #infosec #cybersecurity #technology #news
India weighs delaying caps on UPI market share in win for PhonePe, Google Pay https://t.co/1buGiqCJhh
šØā”ļø Reuters follows up on Moneycontrol's exclusive story yesterday by @AnandJRAnand šš»šš» Challenging UPI duopoly tricky, NPCI likely to extend the market cap deadline https://t.co/tAIQwJ9JFY https://t.co/QxAQ6rhfCI
Exclusive: India to again delay caps on UPI payments market share https://t.co/nStA4Uw0Fa https://t.co/HMgxseoy6W
#India will again delay capping market share for the popular UPI digital payments method, two sources told @Reuters, benefiting @GooglePay and @Walmart-backed @PhonePe as the authorities prioritise growth over concerns about market concentration. https://t.co/NPTYLtgMVh
India To Delay UPI Payments Market Cap, Will Help PhonePe, Google Pay: Report https://t.co/17G1DobbrA https://t.co/Lye0P12rCD
Exclusive: India cenbank asks non-banks to stick to loan cash payout limit, sources say https://t.co/Oh7Gmka6hI https://t.co/BGuHyG6f3g