India again delays rules to break PhonePe-Google Pay duopoly | TechCrunch
India has once again pushed back a contentious plan to limit major technology companies’ control of the nation’s digital payments system, extending a regulatory uncertainty that has weighed on the sector for years.
The National Payments Corporation of India said on Tuesday it would extend the deadline for implementing a 30% cap on any individual app’s share of transactions on the Unified Payments Interface, or UPI, the country’s ubiquitous digital payments network, to December 31, 2026.
The deci...
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