November 23, 2020

NPCI Announces 30 Percent Cap for Third Party UPI Apps Like Google Pay, PhonePe

The National Payments Corporation of India (NPCI) has set a cap of 30% on total volume of UPI transactions processed by Third Party App (TPA) providers, which will come into place from January 2021. UPI — the Unified Payments Interface — has exceeded two billion transactions, according to the NPCI, with TPAs like Google Pay and PhonePe accounting for the majorit… Orignal Source

Leave a Reply

Your email address will not be published. Required fields are marked *