Navi s market share is a drop in the ocean compared to market leader PhonePe s 50%. Incidentally, Flipkart, which was cofounded by Bansal, and from which PhonePe was spun off in 2020, waded into the UPI business last month
The Reserve Bank of India (RBI) on Friday extended the timeline for services linked to Patym Payments Banks to March 15 from the previous deadline of February 29.
This means Samsung would miss out on incentives for FY22, potentially worth around Rs 900 crore. The development also implies that the company will get cashbacks for only four years instead of the five years it could have under the scheme.
Samsung is unlikely to get production-linked incentives (PLI) for smartphone manufacturing for the second year (fiscal 2022) of the scheme, after the South Korean electronics major failed to meet production targets, officials aware of the matter told ET.
Samsung is unlikely to get production-linked incentives (PLI) for smartphone manufacturing for the second year (fiscal 2022) of the scheme, after the South Korean electronics major failed to meet production targets, officials aware of the matter told ET.