India to again delay caps on UPI payments market share, reports Reuters

Mumbai/IBNS: India will again delay caps on market share for a popular digital payments method, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration, Reuters reported quoting its sources.

NPCI may defer market cap restriction for UPI platforms for 2 yrs: Report

New Delhi: The National Payments Corporation of India (NPCI), responsible for managing the Unified Payments Interface (UPI), is likely to limit market share for digital payment platforms two years later, according to Reuters.

Google Pay signs MoU with NPCI to expand UPI outside India

Google India Digital Services (P) Limited and NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), have signed a Memorandum of Understanding (MoU) to expand the transformative impact of UPI to countries beyond India.

Google to enable users to invest in FDs through Google Pay: Report

Google Pay users may now be able to invest money in fixed deposits using the online payment app, according to a media report.

Google Pay and PhonePe most used online payment platform in India

Mumbai/IBNS: Online payment platforms Google Pay and PhonePe managed to grab a lion's share of the unified payments interface (UPI) market in India accounting for 81 per cent market, according to data issued for October by National Payments Corporation of India (NPCI).