NPCI may extend this UPI deadline and why it’s good news for Google and PhonePe

The National Payments Corporation of India (NPCI) may extend the deadline for implementing a 30% market share cap on companies processing payments through the Unified Payment Interface (UPI) by one toThe National Payments Corporation of India (NPCI) is set to extend the deadline for implementing a 30% market share cap on companies processing payments through the Unified Payment Interface (UPI) by one to two years, sources familiar with the matter told Reuters.
This decision is expected to benefit Google Pay and Walmart-backed PhonePe, which currently dominate the UPI payments market. two years.