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?
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
Only if they simplified banking for Indian players, we wouldn't need to sit with American/Singaporean apps
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
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.
Will Vijay Shekhar Sharma be able to revive the company in next 6 months or Paytm will lose its existence among upi customers ???
Walmart owns majority share in both PhonePe and Flipkart, PhonePe is a separate entity from Flipkart, but why is Flipkart itself entering into UPI ecosystem when it is dominant in e-commerce and PhonePe is dominant in UPI and payments.
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Folks, I have been loyal paytm user but seeing recent developments about their wallet, looking for alternate wallet app which can give UPI facility and other things which paytm has.
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?
