NPCI in talks with RBI on UPI volume cap deadline : National Payments Corporation of India (NPCI), which runs the UPI digital pipeline, is in talks with the Reserve Bank on implementation of its proposed December 31 deadline for limiting the volume cap of players to 30 percent. At present, there is no volume cap. So, two players — Google Pay and PhonePe — account for a market share of about 80 percent.
November 2022 Current Affairs Quiz
The NPCI had proposed a 30 per cent volume cap for third-party app providers (TPAP). NPCI in 2020 came up with a directive to cap the share of transactions TPAP.
NPCI MD & CEO: Dilip Asbe
Founded: 2008
Headquarters: Mumbai, Maharashtra