Digital payment regulator National Payments Corporation of India has issued new guidelines regarding UPI payments. According to these guidelines, third party payment apps will not be able to transact more than 30% of the total transactions of the UPI framework. This limit will be fixed from 1 January 2021. The new party of NPCI is not a third party payment application at all. Digital payment app PhonePe has given a big statement about the transaction.

PhonePe says that there will be no disruption in the transaction for its customers. Meaning PhonePe customers will be able to transact without any problems and their transaction will not fail. The company's CEO and Founder Sameer Nigam said that 'We have done a full review of the circular of NPCI and after that we want to assure our consumers and traders that there will be no problem in any UPI transaction on PhonePe. NPCI's letter clearly states that the 30 percent market share cap is not fixed on existing TPAPs such as PhonePe until January 2023. '

Let us tell you that new companies like WhatsApp Pay will have to follow the new guidelines of NPCI from January 2021. However, it is not yet clear how this cap will be calculated. But according to NPCI, 30 percent cap will be calculated based on UPI transactions for 3 months of commencement. In addition to PhonePe, the impact of this new guideline, scheduled from January 1, will be seen on Google Pay, Paytm and Mobikwik as well as WhatsApp Pay.

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