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