NPCI Said to Be in Talks With RBI on Implementing 30 Percent UPI Volume Cap Deadline

NPCI is said to be in talks with the RBI to implement its proposed December 31 dealine to limit payment app providers' volume cap to 30 percent. The corporation in 2020 came up with a directive to cap the share of transactions a third-party application provider (TPAP) could process at 30 per cent of the volume of transactions handled on UPI, but gave the existing TPAP...

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