India stumped on how to cut PhonePe and Google dominance in payments

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India is facing a quandary in enforcing long-delayed rules to curb the dominance of PhonePe and Google Pay in the country’s ubiquitous UPI payments network, which processes over 10 billion transactions monthly. The National Payments Corporation of India (NPCI), a special unit of the central bank, wants to cap market share of any player at […]

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