In a win for Google Pay and PhonePe, NPCI extends UPI market cap deadline by two years

Quick Summary:

This decision gives time to Third-Party Application Providers (TPAPs) that currently exceed the market share cap to align with the regulatory framework.

Now, the platform can offer the service to its 500-million-strong user base in the country.

Initially, when WhatsApp Pay launched, the platform could onboard only a fraction of UPI users.

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Article Details

Author / Journalist: Trisha Medhi

Category: StartupsEconomyBusiness

Markets: India

Topics: Information Npci Policy Application Service Market Privacy Data Terms Time Google

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-31 @ 11:56:34 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 159 words

Reading Time: 1 minutes read

Sentences: 17 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 24776959

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