Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Tech and Science > India again delays rules to break PhonePe-Google Pay duopoly
Tech and Science

India again delays rules to break PhonePe-Google Pay duopoly

Last updated: December 31, 2024 3:23 am
Share
India again delays rules to break PhonePe-Google Pay duopoly
SHARE

India extends deadline for implementing cap on big tech companies’ control of digital payments

The National Payments Corporation of India has once again delayed the implementation of a plan to limit big technology companies’ control of the nation’s digital payments system. The regulatory uncertainty surrounding this issue has been a concern for the sector for several years.

The deadline for implementing a 30% cap on any individual app’s share of transactions on the Unified Payments Interface (UPI) has been extended to December 31, 2026. This decision provides temporary relief to major players like Walmart-backed PhonePe and Google Pay, who currently dominate the UPI ecosystem with over 85% of transactions.

UPI, which processes over 13 billion transactions monthly, is a critical component of India’s digital economy. However, the regulator has been facing challenges in finding a way to enforce market share restrictions without disrupting services for millions of users who rely on these payment apps daily.

WhatsApp’s mobile payments service has also received a green light, allowing the Meta-owned app to launch WhatsApp Pay to its 500 million-plus users in the South Asian market.

UPI market share November 2024
Source: JS

Discussions with industry leaders throughout the year have not yielded a feasible solution to enforce the market share limits without compromising the user experience. The initial proposal for these limits was made in 2020, with a deadline that has now been extended to 2026.

For PhonePe, the extension of the deadline provides clarity as the company considers plans for an initial public offering. The regulatory uncertainty surrounding market share caps has been a significant obstacle for their IPO timeline.

See also  Megalodon may have been 'even longer' than we thought

The UPI network has revolutionized digital transactions in India, offering a seamless way for users to make payments for a variety of services, from street vendors to taxi fares.

TAGGED:BreakdelaysduopolyIndiaPayPhonePeGooglerules
Share This Article
Twitter Email Copy Link Print
Previous Article Border Patrol Union President Warns Democrat Sanctuary Cities: ‘Take Trump at His Word’ (VIDEO) | Border Patrol Union President Warns Democrat Sanctuary Cities: ‘Take Trump at His Word’ (VIDEO) |
Next Article China Defends Covid-19 Data Sharing, Says ‘Did Not Hold Any Information Back’ China Defends Covid-19 Data Sharing, Says ‘Did Not Hold Any Information Back’
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Who Is the Scarecrow in Wicked: For Good? Character Backstory Revealed

It’s conceivable that the Scarecrow from The Wizard of Oz would resonate with Fiyero’s melodic…

September 25, 2025

'We do not accept this genocide'

Why hundreds of activists are heading to Gaza with the Global Sumud Flotilla A remarkable…

September 28, 2025

Israel is achieving its goals in Iran — so far

The White House Watch newsletter offers a unique perspective on Trump's second term and its…

June 15, 2025

UK Judge Sides With Fish Giant in Lawsuit Against Satirical Artist

A recent ruling by a London judge has favored Icelandic fishing company Samherji in a…

November 18, 2024

Rasmussen Poll on Optimism for the Future Hits All-Time High Under Trump |

A recent survey has revealed a surprising shift in American sentiment, as a majority now…

June 3, 2025

You Might Also Like

Physicists are uncovering when nature’s strongest force falters
Tech and Science

Physicists are uncovering when nature’s strongest force falters

October 10, 2025
In a First, Pig Liver Helped a Cancer Patient Survive for More Than a Month
Tech and Science

In a First, Pig Liver Helped a Cancer Patient Survive for More Than a Month

October 10, 2025
Want to See the Best Fall Colors This Year? Science Has the Answer
Tech and Science

Want to See the Best Fall Colors This Year? Science Has the Answer

October 10, 2025
Reviewed: The mid-range Galaxy S25 FE is flawed in all the right ways
Tech and Science

Reviewed: The mid-range Galaxy S25 FE is flawed in all the right ways

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?