NPCI is simply limiting private enterprise fintech growth in India. Public innovation is good on paper, reality is everyone is simply fed up of the 0 money thing. Banks are fed up of having to pay and maintain expensive IT infrastructure so that one guy can pay for chai 5 rupees via UPI.  
 If there is no monetary model. Why will any company bother making a UPI app and scaling it and burning millions of dollars? No point.

They easily can enforce it. There is just a good lobby.

Software Engineer

The National Payments Corporation of India (NPCI), a special unit of the Reserve Bank of India, plans to extend the deadline for introducing a 30% cap on the market share of individual UPI ecosyste...

Welcome to Fintech India's Private Community

The National Payments Corporation of India (NPCI), a special unit of the Reserve Bank of India, plans to extend the deadline for introducing a 30% cap on the market share of individual UPI ecosystem participants, the sources said. 

The NPCI had initially planned to enforce the market share cap in January 2021, but postponed the deadline to January 1, 2025. TechCrunch had previously reported that the regulator was moving towards extending the deadline further after concluding that there is no practical solution to address the issue.

source: techcrunch

India’s mobile payments regulator is likely to extend the deadline for imposing market share caps on the popular UPI payments rail by one to two years, India is likely to once again extend the deadline for market share caps on UPI in a move that is expected to benefit Google Pay and PhonePe.

India weighs delaying caps on UPI market share in win for PhonePe, Google Pay | TechCrunch

What do you think about NPCI affecting Fintech?

What do you think about NPCI affecting Fintech?- Grapevine

Welcome to News Discussion's Private Community

- NPCI is expected to set a 1.2% interchange fee for pre-sanctioned credit lines on UPI, with a circular likely next week.
- The credit line will not be available for person-to-person transfers, focusing instead on merchant transactions.
- Interchange fees are crucial for covering the risk and interest for the capital deployed by credit issuers.
- Negotiations are ongoing between NPCI, banks, and UPI apps regarding revenue sharing, with TPAPs like PhonePe and Google Pay likely to get 0.08% commission.
- The product has faced delays due to a lack of strong business cases, but NPCI mandates may drive adoption.

NPCI Likely to Announce 1.2% Interchange for Credit Line on UPI

Journalist

Welcome to Indian Startups's Private Community

1. Migrating PhonePe to India 1B $ in useless tax

2. Like that stupid separation of PhonePe from Flipkart ~0.7B $

3. Now this 3.5B$ just to increase its stake when it was already a majority owner! What's going on?

Why does Walmart keep pumping soo much money even with unnecessary things with Flipkart?

Maybe, 
  
 Taking on Reliance retail and Amazon in India? 
 Tech infra for Walmart (random guess)  
 100% or ownership yields absolute power

Product Manager

Data engineer

- The National Payments Corporation of India (NPCI) is in talks with startups to implement biometric authentication for UPI payments.
- Currently, UPI uses a PIN as the second-factor authentication, similar to OTP for card payments.
- Biometric authentication would allow users to use fingerprints on Android and face ID on iPhones instead of a PIN.
- This move follows RBI's proposal for banks to explore alternative payment authentication methods to reduce financial frauds.
- Device binding through SMS remains the primary factor authentication for UPI. 

 Source: https://www.moneycontrol.com/technology/npci-talks-to-startups-on-biometric-authentication-for-upi-payments-article-12788026.html

NPCI Explores Biometric Authentication for UPI Payments

Don't know whether we should be happy or sad after hearing this

Software Developer

PAYTM Payments Bank essentially asked to shut shop. 

Afaik here are the few implications
1. Stock market will react in a bad way to them
2. Worst affected are going to be FasTag users who bought from PayTM.
3. No deposits / credits allowed in any account. Withdrawal is allowed. 
4. UPI not allowed after Feb

Paytm gets a shock from RBI

That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.

Growth Manager

Heading back to the stone age

Consultant

The most cringe Q&A i have ever seen! Top tier investors and founders asking such dumb non relevant questions. We can defend as much as we want, but we Indians do have an inferiority complex when we interact with foreigners - in the end he called you hopeless, right?

ET Sam Altman Talk

Welcome to Personal Finance's Private Community

Post Paytm debacle, government and RBI is wary of duopoly in UPI space.

30% cap on UPI apps ain't working as well.

What do u think about future of upi and digital payment?

As the deadline capping UPI Apps' market share to 30% approaches, the central government has taken a stance to not actively intervene in its enforcement or deferral.

Govt Decides To Not Intervene In UPI’s 30% Market Cap Deadline

Walmart and Google rules 90% UPI transaction

Senior Consultant

Why do this when there are no UPI fees and an abundance of UPI apps already?

No hate. Just curious why they’d build this

Slice launched a…UPI app?

Generalist

What will happen to these startups who allow gold investments now? 😂

The end of Jar

HDFC, SBI, ICICI clearly the strongest. Startup credit companies usually work with Federal Bank, but they seem to be missing from this list, that's a bit weird? 

Can somebody from the fintech domain help me understand?

Credit card spends market share by bank. Why is there no Federal Bank here?

Operations Manager

https://www.moneycontrol.com/news/business/startup/phonepe-may-open-its-app-store-to-developers-to-counter-google-apple-clout-11413351.html

Why is phonepe trying to do everything? Delved into e commerce via pincode,stock broking via share.market and now app store . Is UPI market getting too competitive

Why did this happen? Slice already owns an NBFC license. What does this help them achieve? 
 "to better serve their shared mission and reach more consumers who currently lack access to basic banking services"

Slice merges with North East Small Finance Bank

It helps them achieve a lot. They can take deposits, extend loans, issue cards without needing a partner and maybe start mutual funds and insurance businesses. Huge W for Slice.

Analyst

Does anyone have any insights on how RBI plans to remove the gpay and phonepe duopoly? Saw some news here and there, any insider information?

UPI duopoly RBI plan

Product Owner

- 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/)

What do you think about NPCI affecting Fintech?

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