NPCI enforces 30% market share cap on transactions processed in UPI
National Payments Corporation of India (NPCI) said that with UPI reaching 2 Bn transactions a month and with potential for future growth, it has issued a cap of 30% of total volume of transactions processed in UPI, applicable on all Third Party App Providers (TPAPs).
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This will be with effect from January 1, 2021. It will help to address the risks and protect the UPI ecosystem as it further scales up.
The cap of 30% will be calculated basis the total volume of transactions processed in UPI during the preceding three months (on a rolling basis).
The existing TPAPs exceeding the specified cap, will have a period of two years from January 2021, to comply with the same in a phased manner.