India, April 20 -- The National Payments Corporation of India (NPCI) is likely to review its decision to implement a 30% cap on the market share of payment players offering Unified Payments Interface (UPI) services by the end of this year.

As of now, the deadline to bring this change remains unchanged i.e., December 2024.

"The 30% cap on the transaction volume of payments players offering UPI services will be reviewed by the end of this year," Business Standard reported, citing sources close to the matter.

In 2022 the 30% market share cap for UPI payment facilitating apps were proposed and the existing players back then were requested to restrict their market share to the mentioned limit within a two-year period. The move was aimed at ...