The National Payments Corporation of India (NPCI) has set a cap of 30% on the total volume of UPI transactions processed by Third Party App (TPA) providers, which will come into place from January 2021. This is a big move from NPCI as it affects India’s popular payment apps like Google and Phone Pe which more than 35% of UPI transactions each.
With this new rule, the companies will see their share change — the cap of 30 percent will be calculated on the basis of total volume of transactions processed in UPI during the preceding three months on a rolling basis.
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