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#DuoPoly: Policy makers are not happy that 80% of UPI transactions are being don...
source link: https://nextbigwhat.com/duopoly-policy-makers-are-not-happy-that-80-of-upi-transactions-are-being-done-through-phonepe-and-google-pay/
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NBW News #DuoPoly: Policy makers are not happy that 80% of UPI transactions are being done through PhonePe and Google Pay
#DuoPoly: Policy makers are not happy that 80% of UPI transactions are being done through PhonePe and Google Pay
While there are over 50 third-party UPI apps, PhonePe and Google Pay account for over 81% of the volume and 84% of the transaction value.
- Indian MPs are reportedly planning on raising the issue of duopoly in the upcoming monsoon session of the parliament.
- The guidelines issued by the National Payments Corporation of India (NPCI) had capped the market share for third-party apps at 30%.
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