NPCI to alert UPI entities on 30% cap
Issued a Standard Operating Procedure for implementing market share cap
Google Pay, PhonePe &Paytm won’t be allowed to process above 30% of the total volume of transactions
In a bid to ensure that India’s digital payments landscape does not become an oligopoly
This will also prevent risks of overload of the UPI infrastructure
Existing third-party apps that exceeded 30% before Dec 2020 are given two years to comply with new rules
