NPCI Market Cap: Google Pay and PhonePay users have fun. The scope of UPI payment is continuously increasing.
New Delhi. if you Phonepe And Google Pay users, so have fun for you. Actually from the National Payment Corporation of India ( NPCI ) UPI Had announced the imposition of 30 percent market cap for payment. But at the moment it has been put on hold. National Payment Corporation of India ( NPCI ) has increased the 30 percent market cap to 2 years. Earlier the market cap deadline was set at 31 December 2022, which has been increased to 31 December 2024. In such a situation, UPI payment users will be able to press and make unlimited online payments by pressing from any UPI app. 80 Fesad Market Capture
PhonePe and Google Pay will get 2 years to complete NPCI guidelines. Please tell that Google Pay and PhonePe are still in possession of the UPI payment market. According to the report, 80 Fisad Market is occupied by Google Pay and PhonePe. This is followed by Paytm’s number with 15 fissure market shares. UPI market should not be uniformity of these three UPI apps from NPCI. For this, 30 percent cap was being taken from NPCI.
These users will benefit
NPCI’s 30 fissure market cap will benefit, especially PhonePe and Google Pay, as the most users are on both of these platforms. In such a situation, PhonePe and Google Pay will continue to dominate in terms of digital transactions.
Scope of UPI payment growing rapidly in India
The scope of UPI payment is continuously increasing every month in India. Where the number of UPI payments in October was 7305 million. Which increased to 7309 million in November. While UPI payments were made from 365 banks in October, which increased to 376 in November 2022.