India’s mobile payments regulator is likely to extend the deadline for imposing market share caps on the popular UPI payments rail by one to two years, India is likely to once again extend the deadline for market share caps on UPI in a move that is expected to benefit Google Pay and PhonePe.

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India's mobile payments regulator is likely to extend the deadline for imposing market share caps on the UPI payments rail, benefiting Google Pay and PhonePe.

India weighs delaying caps on UPI market share in win for PhonePe, Google Pay