Govt decides to not intervene over UPI’s 30% market cap deadline
Shortpedia
Content Team
Image Credit: economic times
As the deadline capping Unified Interface Payments (UPI)’s market share per app to 30% approaches, the central government has taken a stance to not actively intervene in its enforcement or deferral. According to an ET report quoting senior officials, the Centre believes that the matter lies within the purview of the National Payments Council of India (NPCI) and the Reserve Bank of India (RBI).
