Payments Corporation comes out with SOP to monitor volume cap for TPAPs

The National Payments Corporation of India (NPCI) — the umbrella entity for digital payments in India — has come out with guidelines on capping the volume of transactions that third-party application providers (TPAPs) can process on the Unified Payments Interface (UPI).

It has been kept at 30 per cent so that players in this space do not monopolise the market, which is the case right now.

NPCI had said that the volume of transactions that TPAPs can process on the UPI platform should not exceed 30 per cent, during the preceding three months, on a rolling basis, effective January, 2021.