The National Payments Corporation of India (NPCI) has issued guidelines that to capping the market share of UPI transactions to 30 per cent. This guidelines has issued to bring parity in UPI digital payments and ending the monthly race to the top spot. Here it is to be noted that with implementation of this guidelines Diverse opportunities will comes at pace and prevent market dominance of the UPI ecosystem as it further scales up. For your information let us share in detail that NPCI believes that in due course the UPI volumes will increase exponentially and all the players in the UPI ecosystem will have an opportunity to grow their volumes further. This effectively means that any payment provider will not be able to process over 30 per cent of all UPI transactions. This will bring parity into the payments method and help everyone achieve equal UPI transaction volume. Although NPCI has introduces new norms time to time to exist monopoly in the market. This was done in order to address the risks and protect the UPI ecosystem as players including PhonePe, Google Pay claimed leading market share triggering fears of a monopoly. Xiaomi coming up with ultra thin Silicon-Oxygen Anode battery for fast charging, check detail here
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