Don’t let DigiPay coagulate to a few

UPSC Practice recommends Don’t let DigiPay coagulate to a few.

The National Payments Corporation of India (NPCI) wants market shares of payment apps capped at 30%, and the two players that dominate the market, PhonePe and Google Pay, have just over three months to cut back on users and transactions. Their combined market share has swollen to over 81% by volume in the two years they were given to scale back.

Courtesy: Opinion-Economic Times

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