NPCI held a meeting to discuss empowering new players in UPI ecosystem, excluding major players like Google Pay, PhonePe, and Paytm.
The National Payments Corporation of India (NPCI) held a meeting to discuss empowering new players in the UPI ecosystem, inviting companies like CRED, Flipkart, Fampay, and Amazon. Major players like Google Pay, PhonePe, and Paytm, which control over 90% of UPI transaction volume and value, were not invited to the meeting. NPCI aims to gather insights from stakeholders on how to create a more level playing field for smaller third-party application providers (TPAPs).
April 17, 2024
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