🔸 India’s mobile payments dilemma India's payments regulator is poised to decide whether to limit the market share of major players like Walmart's PhonePe and Google Pay in the rapidly growing mobile payments sector. This decision revolves around the Unified Payments Interface (UPI), which has revolutionized digital transactions in India. Currently, PhonePe holds 47.8% and Google Pay 37.1% of UPI transactions, and a proposed rule would cap any company's share at 30%. The uncertainty surrounding these regulations has complicated PhonePe's plans for an IPO, as the company fears potential market share reductions could impact its valuation. The regulator has delayed enforcing these limits multiple times, and the outcome could significantly affect fintech startups seeking to compete in the market. This situation reflects India's challenge in balancing innovation with regulatory oversight in the digital economy. 💬 Source 📌 Powered by V3V Ventures