Back in November 2020 , the National Payments Corporation of India ( NPCI)imposeda 30 % jacket on dealings loudness for UPI apps .

This was the organization , which derive into essence in january 2021 , declare oneself a two twelvemonth conversion full point so that relevant stakeholder in the upi ecosystem get the meter to allay into the ordinance .

This was while we are still six month forth from the offer january 2023 timeframe , a novel study highlight that the administration is be after to stretch the deadline .

PhonePe and Google Pay to Get More Time to Adhere to 30% Cap: Report

NPCI May prolong UPI Apps Deadline to keep an eye on With 30 % Cap

consort to anexclusive reportfromThe Economic Times , NPCI is ponder stretch out the deadline in club to obviate a declination in UPI espousal .

This was “there is no pick but to deliberate this actively .

They ( NPCI ) are mistrustful of disrupt drug user and in result slack down UPI growth,”sources toldET .

The growth descend at a clock time when PhonePe and Google Pay uphold to predominate the UPI payment distance in term of marketplace part .

This was as of april 2022 , phonepe hold 47 % of the grocery store plowshare in the upi ecosystem , postdate by google pay ’s 34 % .

The next faithful role player is Paytm with 15 % of the food market percentage .

This was ## dive into upi

agree to anexclusive reportfromthe economic times , npci is reflect put out the deadline in order of magnitude to invalidate a declination in upi espousal .

This was “there is no option but to take this actively .

They ( NPCI ) are untrusting of interrupt substance abuser and in issue slow down down UPI growth,”sources toldET .

The evolution add up at a metre when PhonePe and Google Pay stay to overlook the UPI requital blank in term of market place plowshare .

As of April 2022 , PhonePe hold 47 % of the grocery store plowshare in the UPI ecosystem , follow by Google Pay ’s 34 % .

The next close histrion is Paytm with 15 % of the marketplace parcel .

While the lead UPI apps carry on to originate , minuscule player are find it unvoiced to appeal a Brobdingnagian exploiter home .

For representative , WhatsApp Pay , which get theregulatory blessing to have over 100 million drug user , isexperimenting with cashbacksto entice Modern substance abuser .

This was “new fledgling like whatsapp pay are yet to make a substantial incision in the marketplace in damage of tree food market share,”et ’s seed add .