Walmart and Google rules 90% UPI transaction
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...
https://inc42.com/buzz/govt-decides-to-not-intervene-over-upis-30-market-cap-deadline/
BiryaniEnthu
Stealth
7 months ago
Literally removed the third player and now crying that other two took over the cake.
Koi sense hai iss baat me? RBI ko bahut lag rahi
Duopoly is fine...
Telecom
Airlines and many other sectors are duopoly driven.
Key is foreign players driving UPI engine which runs on India's npci tech stack
BiryaniEnthu
Stealth
7 months ago
Only if they simplified banking for Indian players, we wouldn't need to sit with American/Singaporean apps
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What a BS regulation to keep market cap at 30%. How are they supposed to do it? Uninstall their UPI app from my phone?
Tshirt
Student
7 months ago
It is what it is .. or use cash like you used to do before UPI era😌
satan
Stealth
7 months ago
I didn't get the referrence for Walmart and Google here. Captain pls explain?
I remember sometime back, PhonePe lauched the ad saying how they're the leaders in payment industry by leading the market share ~ 40% or something. So this TPAP regulations of 30% restriction was not in picture back then?
PhonePe Walmart owned
Gpay by google
Duopoly khtm krne hetu 30% ka cap lgaya h RBI ne but it's not implemented yet
Ugnrga748
Stealth
7 months ago
This is why PayTM was so arrogant and trolled RBI as they thought that RBI won't hurt them as they would want an Indian company to be one the largest share holder of the market.
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