Sponsored Ad | Levenstein Crypto Conference - Leaderboard

PhonePe, Google Pay to benefit as India may delay market share cap on UPI payments

PhonePe, Google Pay to benefit as India may delay market share cap on UPI payments

A smartphone with the Apple Pay logo is placed on a displayed Google Pay logo in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter