With wallet business depleting, not many new players will enter UPI space: Report

New Delhi: The Unified Payments Interface (UPI) system may not see many new players entering the space as it has got aggregated with few players, according to a report.

As a payment product, UPI will continue to scale with more innovative use cases coming in and will remain default payment gateway for the country, said a report by The Digital Fifth.

While UPI has enabled innovation in the payment space, it has resulted in larger players taking complete control of the market, it said.