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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 ...

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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.