India Considers Easing Market Share Limits for UPI Payment Operators

- The governing body for India's UPI payments is considering easing market share caps for operators like Google Pay, PhonePe, and Paytm. - NPCI, a unit of India's central bank, may increase the market share limit to over 40%, up from the previously proposed 30%. - UPI processes over 12 billion transactions monthly, with PhonePe and Google Pay dominating the market. - Paytm's market share has dropped to 7.2% amid regulatory challenges. - The NCPI's move is controversial as some UPI providers hoped for stricter regulations to curb the dominance of major players. Source: [Techcrunch](https://techcrunch.com/2024/09/18/india-weighs-easing-market-share-limits-for-upi-payment-operators/)