UPI share to be capped at 30 percent: NPCI to review its dec

'The 30 percent cap was announced in November 2022 in an apparent bid to end the duopoly of PhonePe and Google Pay, which have collectively 86 per cent of the UPI market share in terms of transaction volumes. These two hold 48.3 per cent and 37.6 per cent share, respectively.

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