NPCI is in talks with the Reserve Bank on implementation of its limiting the volume cap of players to 30 percent

National Payments Corporation of India(NPCI) is in talks with the Federal Reserve Bank on implementation of its projected point in time for limiting the amount cap of players to 30%.

National Payments Corporation of India(NPCI), that runs the UPI digital pipeline, is in talks with the Federal Reserve Bank on implementation of its projected point in time for limiting the amount cap of players to thirty %. Back in Nov 2022, the NPCI had projected a thirty per cent volume cap for third-party app suppliers (TPAP). The proposal was created to avoid concentration risk. However, the present TPAPs like PhonePe and Google Pay got 2 years a lot of to fits the orders.

Currently, the NPCI is evaluating all the probabilities and no judicial decision has been taken to increase the day point in time, adding that the corporation has conjointly received proposals from the stakeholders to increase the point in time.