New Delhi: The decision to cap market share of UPI players at 30 per cent will have implications for millions of users and even adversely impact adoption of the digital payment mechanism in the future, according to industry experts. On Thursday, National Payments Corporation of India (NPCI) said a single Third Party App Provider (TPAP) can handle only 30 per cent of overall UPI (Unified Payments Interface) transaction volumes. "On getting 20 million users, WhatsApp could end up just shy of 30 per cent market share. Google Pay and PhonePe will also automatically get diluted down to 30 per cent. Facebook-owned WhatsApp on Friday rolled out its payment service after running a pilot project for about two years.

Source: Economic Times November 06, 2020 12:11 UTC