PhonePe, GPay get 2 years more to cut UPI market share

Quick Summary:

NPCI extends the deadline for PhonePe and Google Pay to lower their market share in UPI by two years, lifting the onboarding limit for WhatsApp.

Despite new players, PhonePe and Google Pay dominate the market.

NPCI aims to avoid single-point failure risk and supports diverse UPI app growth.

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Article Details

Author / Journalist: Mayur Shetty

Category: EconomyBusiness

Markets: IndiaAustralia

Topics: Digital payments PhonePe UPI transactions Financial technology Google Pay NPCI Paytm UPI market share Payment apps

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-01 @ 08:31:08 (6 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 531 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © Times of India

News ID: 24800709

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 13 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #28

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