News Discussion12mo
by PrancingNuggetConsultant
Top comment
How's it going back to the stone age? The intent to reduce the market share is right. UPI is fundamental to the...
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?
12mo ago
ZestyQuokka
Stealth12mo
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
TCS12mo
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
Stealth12mo
Only if they simplified banking for Indian players, we wouldn't need to sit with American/Singaporean apps
SqueakyCupcake
Stealth12mo
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
TCS12mo
PhonePe Walmart owned Gpay by google
Duopoly khtm krne hetu 30% ka cap lgaya h RBI ne but it's not implemented yet
WigglyPenguin
Stealth12mo
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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