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Rivals push India’s payments regulator to confront UPI concentration
Key Takeaways
- PhonePe and Google Pay accounted for about 80% of UPI’s 22.6 billion March transactions.
- Amazon, Meta and other smaller players are set to raise competition concerns with NPCI.
- A proposed 30% market-share cap for UPI apps has been deferred until December 31, 2026.
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DT Editorial Team··via techcrunch.com