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This decision comes as a relief for leading players like PhonePe and Google Pay, which have dominated the Indian UPI ecosystem. First proposed in 2020, the market cap aimed to restrict any single ...

India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move that will benefit Google Pay and Walmart-backed PhonePe. According to the ...

This recent development comes as a significant relief for PhonePe, backed by Walmart, and Google Pay, which together account for 85 percent of UPI transactions. The cap was intended to prevent ...

India on Tuesday delayed the implementation of market share caps for a popular digital payment method by two years; a move that will benefit Google Pay and Walmart-backed PhonePe. According to the ...

PhonePe's share of UPI payments stood at 47.8 percent in November Google Pay's share was at 37 percent NPCI's mandate to now kick off at the end of December 2026 ...

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MUMBAI (Reuters) - India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move that will benefit Google Pay and Walmart-backed PhonePe.

India has once again pushed back a contentious plan to limit major technology companies’ control of the nation’s digital payments system, extending a regulatory uncertainty that has weighed on ...