SillyDonut
SillyDonut

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?

13mo ago
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ZestyQuokka
ZestyQuokka

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

SillyDonut
SillyDonut
TCS13mo

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

ZestyQuokka
ZestyQuokka

Only if they simplified banking for Indian players, we wouldn't need to sit with American/Singaporean apps

MagicalQuokka
MagicalQuokka

What a BS regulation to keep market cap at 30%. How are they supposed to do it? Uninstall their UPI app from my phone?

SillyDonut
SillyDonut
TCS13mo

Ha ha ha

SqueakyWalrus
SqueakyWalrus
Student13mo

It is what it is .. or use cash like you used to do before UPI era😌

SqueakyCupcake
SqueakyCupcake

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?

SillyDonut
SillyDonut
TCS13mo

PhonePe Walmart owned Gpay by google

Duopoly khtm krne hetu 30% ka cap lgaya h RBI ne but it's not implemented yet

WigglyPenguin
WigglyPenguin

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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