Recently Indian government announced charges for UPI payment, the government revised its decision on the recommendation of NPCI and extended it for 2 years.
National payments corporation of India has announced the UPI apps to act in accordance with the market cap rules of shares not exceeding about 30% .this news was released in 2020 and NPCI extended this comply to January 2023.
This rule states that no single UPI app has more than 30% share.NPCI has considered the time limit and users, and the timelimit to act in accordance with the app has again been extended to December 31, 2024, this is a piece of happy news for all UPI users.
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The top UPI apps like Google pay, and Walmart’s phone-pe can now able to work without the market cap rules. by taking this timeline they can enlarge the users of UPI.
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