India Fintech Foundation has alerted the Finance Ministry and RBI about a major risk on UPI. Two companies now control over 80 percent of UPI transactions. This dominance stifles smaller competitors and limits innovation. The Foundation proposes capping incentives for large players and encouraging partnerships with smaller ones. This aims for fairer growth and better competition on the UPI platform.
from Banking/Finance-Industry-Economic Times https://ift.tt/iZg1tQd
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