Sunday March 03, 2024

India stumped on how to cut PhonePe and Google dominance in payments
  Posted by: TechCrunch on Feb 13th, 2024 6:13 AM

India is facing a quandary in enforcing long-delayed rules to curb the dominance of PhonePe and Google Pay in the country’s ubiquitous UPI payments network. The National Payments Corporation of India (NPCI), a special unit of the central bank, wants to cap market share of any player at 30% in the Unified Payments Interface ecosystem. […]

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