UPI Transaction Cap: PhonePe Says Users Can Keep Using UPI And There Will Be No Transaction Failures

PhonePe says that they have till Jan 2023 to comply with the 30% market share cap. A new cap on total UPI transaction share, will be applicable in phases from January 1, 2021. These will impact players including PhonePe, Google Pay, Paytm and Mobikwik, as well as the new entrant WhatsApp Pay.

from Top India News- News18.com https://ift.tt/2TZtctx