Business

⚡NPCI Meet by Amazon, Meta To Curb PhonePe, Google Pay Dominance in UPI

By Team Latestly

Executives from Amazon and Meta will meet the National Payments Corporation of India to address the dominance of PhonePe and Google Pay in the Unified Payments Interface ecosystem. Rival firms seek regulatory changes to improve competition as the two apps control about 80% of transactions. Authorities face a challenge balancing market fairness with system stability.

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