This is a India news story, published by TechCrunch, that relates primarily to The National Payments Corporation news.
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ubiquitous digital payments networkTechCrunch
•72% Informative
India has pushed back a plan to limit big tech companies' control of the nation's digital payments system.
The National Payments Corporation of India said on Tuesday it would extend the deadline for implementing a 30% cap on any individual app’s share of transactions on the Unified Payments Interface , or UPI , to December 31, 2026 .
The decision provides temporary relief to Walmart -backed PhonePe and Google Pay , which together handle more than 85% of transactions.
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