NPCI Extends UPI Volume Cap Compliance Deadline by Two Years

The National Payments Corporation of India (NPCI) has extended the deadline for third-party application providers (TPAPs) to comply with the 30% market share cap on Unified Payments Interface (UPI) transactions by two years, now set for December 31, 2026. This extension benefits leading UPI platforms like PhonePe and Google Pay, which currently hold significant market shares. The decision aims to support the continued growth of the UPI ecosystem and provide other players ample time to expand their user bases. 

The National Payments Corporation of India (NPCI) has extended the deadline for third-party application providers (TPAPs) to comply with the 30% market share cap on Unified Payments Interface (UPI) transactions by two years, now set for December 31, 2026. This extension benefits leading UPI platforms like PhonePe and Google Pay, which currently hold significant market shares. The decision aims to support the continued growth of the UPI ecosystem and provide other players ample time to expand their user bases. 

 

Source: Reuters