NPCI Extends Deadline For 30% Market Cap On UPI Apps Till 2026

The National Payments Corporation of India (NPCI) has extended the deadline for a 30% market cap on UPI (Unified Payments Interface) apps until 2026. The cap, initially set to be implemented sooner, aims to prevent any single app from dominating the UPI ecosystem, ensuring healthy competition and consumer choice. The NPCI’s decision to extend the deadline reflects the growing importance of UPI in India’s digital payments landscape and the need for time to implement the cap effectively without disrupting the payment services market. This extension will allow stakeholders to adjust to the new regulations over a longer period.