The National Payments Corporation of India (NPCI<\/a>), which runs the Unified Payments Interface<\/a> (UPI) digital railroad<\/a>, is talking to the government<\/a> and industry stakeholders<\/a> on the implications of delaying its implementation timeline for limiting the market share of players in the UPI ecosystem<\/a>, people briefed on the matter said. 在此之前正式请求从电子支付公司PhonePe推迟2023年1月的最后期限至少三年,他们说。谷歌支付也与NPCI磋商关于一个扩展,一位知情人士说。 印度的国家支付公司(NPCI),它的运行统一的支付接口(UPI)数字铁路说到政府和行业利益相关者对拖延的影响实施时间表限制球员的市场份额UPI生态系统知情人士说。
This follows a formal request from digital payments firm PhonePe to defer the January 2023 deadline by at least three years, they said. Google Pay has also had consultations with NPCI regarding an extension, a person briefed on the matter said.
NPCI’s move comes at a time when Swiggy and Zomato<\/a> are thinking of making an entry into the UPI digital payments platform as third-party payments apps, sources aware of the matter said.
NPCI had Consulted RBI on Issue
This would be different from a wallet. If approved, they will essentially look to offer UPI services as third-party payments apps.
Though it may take a few more months for the food-delivery companies to roll out the network, conversations with banks are already underway, the sources added.
A spokesperson for Google Pay said, \"While it is our belief that at this juncture, interventions in UPI should spur growth and innovation than limit it, which we think the market cap might do, we remain committed to complying with the laws of the country.\"
While PhonePe clocked 3.14 billion UPI transactions in August with a 48% market share, Google Pay turned in 2.2 billion transactions on the payments highway with a 34% share, according to the latest data on the NPCI website.
Newer entrant, Meta-owned WhatsApp Pay, garnered less than 1% share of the overall UPI market in August, with only 6.72 million transactions, despite launching successive cashback campaigns in April and June<\/a> that had resulted in a small spike in numbers.
![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
The total number of UPI transactions in August stood at 6.5 billion.
PhonePe and Google Pay, on average, have about 80% share on the digital payments network each month. The NPCI has set a limit of 30% market share for any digital payments entity.
\"There are requests to delay the implementation timeline by even five years. But they (NPCI) are consulting with the government and are keen to know more about its implications...,\" one of the sources said. \"As things stand, there hasn’t been any change in market share dominance on UPI even after WhatsApp Pay was allowed to scale to 100 million users.\"
NPCI had consulted the Reserve Bank of India<\/a> (RBI) on whether such an extension was a viable option. \"It wasn’t submitted as a formal opinion though, but this was discussed,\" the person added.
Tata Group’s super app Tata Neu also joined UPI earlier this year<\/a> but hasn’t seen any noticeable traction yet.
Zomato, Swiggy and NPCI did not respond to ET’s queries till press time Monday.
A spokesperson for PhonePe said bringing an \"artificial market cap implementation will severely limit the growth of the digital ecosystem and will impede the goals of financial inclusion.\"
Organic growth
<\/strong>Leading platforms with a majority share have argued that as more third-party players come into the UPI fold, it should be allowed to grow organically instead of setting limits on market share, people aware of the discussions between NPCI and UPI apps said.
\"It is obvious that existing leaders on UPI don’t want the cap to come into effect as they invested in it early on. Their argument is to let consumers opt for new UPI apps organically and not by force,\" one of the people said.
\"The big challenge on UPI market cap continues to be its implementation,\" said another fintech executive who is aware of the discussions. \"These players have been consulting with NPCI asking for guidelines, stating there's no way for them to curb market share, apart from blocking existing users from performing transactions. This obviously doesn't seem like a feasible plan of action (to these players).\"
A third fintech executive told ET that certain stakeholders in the UPI ecosystem have also begun informal discussions with the regulator and the central government on the market cap issue.
Earlier this month, RBI deputy governor T Rabi Sankar said the regulator was looking to address and find a solution to the issues related to the duopoly created by PhonePe and Alphabet-owned Google Pay.
While Google Pay, commonly referred to as Gpay, remains one of the leaders on UPI, the market share cap would be more critical for homegrown PhonePe.
PhonePe is slated to hold its board meeting this week to discuss plans for next year and is currently working on a restructuring plan as part of its separation from parent entity, Flipkart group.
PhonePe, ET reported previously,<\/a> has plans to raise external capital after the restructuring exercise and a market share cap may impact those plans.
\"There have been conversations internally on the implications of the market cap proposal on PhonePe as an independent organisation outside the Flipkart group and its future keeping in mind its ambitious plans,\" one of the people aware of the goings-on said.
PhonePe co-founder and chief executive Sameer Nigam, who had previously expressed apprehensions about the cap on UPI market share, told ET in September last year that he was not worried about cutting back market share. \"That, however, has changed closer to the deadline and led to communication to the regulator (NPCI),\" one of the sources added.<\/p><\/body>","next_sibling":[{"msid":94313937,"title":"Cracked iPhone back glass? Some new models much easier to fix, firm finds","entity_type":"ARTICLE","link":"\/news\/cracked-iphone-back-glass-some-new-models-much-easier-to-fix-firm-finds\/94313937","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"94311049","title":"NPCI_UPI-digital mobile_payments_THUMB IMAGE_ETTECH","entity_type":"IMAGES","seopath":"tech\/technology\/npci-pings-govt-industry-on-upi-market-share-cap\/npci_upi-digital-mobile_payments_thumb-image_ettech","category_name":"NPCI pings govt, industry on UPI market share cap","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-2069369\/94311049.cms?width=150&height=112","link":"\/image\/tech\/technology\/npci-pings-govt-industry-on-upi-market-share-cap\/npci_upi-digital-mobile_payments_thumb-image_ettech\/94311049"}],"msid":94313990,"entity_type":"ARTICLE","title":"NPCI pings govt, industry on UPI market share cap","synopsis":"\u200bThis follows a formal request from digital payments firm PhonePe to defer the January 2023 deadline by at least three years, they said. Google Pay has also had consultations with NPCI regarding an extension, a person briefed on the matter said.","titleseo":"telecomnews\/npci-pings-govt-industry-on-upi-market-share-cap","status":"ACTIVE","authors":[{"author_name":"Digbijay Mishra","author_link":"\/author\/479221599\/digbijay-mishra","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479221599.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479221599,"author_name":"Digbijay Mishra","author_seo_name":"Digbijay-Mishra","designation":"Correspondent","agency":false}},{"author_name":"Tarush Bhalla","author_link":"\/author\/479256595\/tarush-bhalla","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479256595.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479256595,"author_name":"Tarush Bhalla","author_seo_name":"tarush-bhalla","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":101,"shares":0,"engagementtimems":505000},"Alttitle":{"minfo":""},"artag":"ETtech","artdate":"2022-09-20 07:31:41","lastupd":"2022-09-20 07:32:07","breadcrumbTags":["npci","reserve bank of india","unified payments interface","digital railroad","government","industry stakeholders","upi ecosystem","zomato","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/npci-pings-govt-industry-on-upi-market-share-cap"}}" data-authors="[" digbijay mishra","tarush bhalla"]" data-category-name="" data-category_id="" data-date="2022-09-20" data-index="article_1">
对UPI NPCI ping政府、行业市场份额的帽子
在此之前正式请求从电子支付公司PhonePe推迟2023年1月的最后期限至少三年,他们说。谷歌支付也与NPCI磋商关于一个扩展,一位知情人士说。
NPCI此举正值Swiggy和Zomato正在考虑做一个进入UPI数字支付平台为第三方支付应用,意识到说的来源。
NPCI 有 Consulted RBI Issue
尽管它可能需要几个月的食品外卖公司推出网络,与银行已经开始交谈,消息人士补充说。
谷歌的一位发言人说,“虽然我们的信念,在这个节骨眼上,干预UPI应该比极限刺激经济增长和创新,我们认为市值可能做的,我们仍致力于遵守这个国家的法律。”
虽然PhonePe定时UPI交易在31.4亿年8月以48%的市场份额,谷歌在22亿年支付了交易支付高速公路以34%的市场占有率,根据最新数据NPCI网站。
新进入者,Meta-owned WhatsApp,获得整体UPI的市场份额不到1%,8月份只有672万个事务,尽管发射连续返现活动在4月和6月这导致了小数量激增。
的总数UPI交易站在65亿年8月。
PhonePe和谷歌支付平均有80%的份额的数字每个月支付网络。NPCI有限制的任何数字实体支付30%的市场份额。
“有请求推迟甚至五年的实施时间表。但他们(NPCI)咨询与政府和渴望知道更多关于它的含义……,"其中一位消息人士说。“就目前的情况来看,没有任何改变在市场份额优势UPI即使WhatsApp支付被允许扩展到1亿用户。”
NPCI咨询了印度储备银行(RBI)等是否一个扩展是一个可行的选择。“不作为正式提交意见,但这是讨论,”这个人说。
塔塔塔塔集团的超级应用神经膜加入了UPI今年早些时候但还没有看到任何明显的牵引。
Zomato, Swiggy NPCI没有回应到截稿时间星期一等的查询。
PhonePe发言人说带一个“人造市值实现将严重限制的增长数字生态系统和将阻碍金融包容的目标。”
有机增长
主要平台多数份额认为,随着越来越多的第三方玩家进入UPI折叠,它应该被允许种植有机而不是设置限制的市场份额,人们意识到NPCI之间的讨论和UPI应用说。
“很明显,现有领导人UPI不想让帽子他们投资于生效。他们的论点是让消费者选择新的UPI应用有机而不是武力,”一位知情人士说。
“大挑战UPI市值仍然是其实现,”另一个说fintech高管意识到讨论。“这些球员已经与NPCI咨询要求的指导方针,说没有办法遏制市场份额,除了阻止现有用户执行的事务。这显然看上去不像一个可行的行动计划(这些球员)。”
第三个fintech高管告诉ET, UPI生态系统中的某些利益相关者也开始非正式的讨论与监管机构和中央政府在市场上盖的问题。
本月早些时候,央行副行长T拉比Sankar表示,监管机构希望地址和双头垄断相关的问题找到一个解决方案由PhonePe和Alphabet-owned谷歌支付。
尽管谷歌支付,通常被称为Gpay,仍然UPI领导人之一,市场份额上限会更本土PhonePe的关键。
PhonePe定于本周召开董事会会议,讨论明年的计划,目前正在重组计划的一部分脱离母公司实体,Flipkart公司集团。
PhonePe等报道之前,计划筹集外部资本重组后锻炼和市场份额上限可能会影响这些计划。
“内部对话的影响市值建议PhonePe Flipkart公司作为一个独立的组织在集团和其未来记住其雄心勃勃的计划,“意识到发生的事情的一个人说。
PhonePe Sameer尼噶的联合创始人和首席执行官,他先前对UPI市场份额上限表示忧虑,告诉ET去年9月,他不担心减少市场份额。”然而,改变了接近最后期限,导致通信监管机构(NPCI),”其中一位消息人士补充说。
读到
The National Payments Corporation of India (NPCI<\/a>), which runs the Unified Payments Interface<\/a> (UPI) digital railroad<\/a>, is talking to the government<\/a> and industry stakeholders<\/a> on the implications of delaying its implementation timeline for limiting the market share of players in the UPI ecosystem<\/a>, people briefed on the matter said.
This follows a formal request from digital payments firm PhonePe to defer the January 2023 deadline by at least three years, they said. Google Pay has also had consultations with NPCI regarding an extension, a person briefed on the matter said.
NPCI’s move comes at a time when Swiggy and Zomato<\/a> are thinking of making an entry into the UPI digital payments platform as third-party payments apps, sources aware of the matter said.
NPCI had Consulted RBI on Issue
This would be different from a wallet. If approved, they will essentially look to offer UPI services as third-party payments apps.
Though it may take a few more months for the food-delivery companies to roll out the network, conversations with banks are already underway, the sources added.
A spokesperson for Google Pay said, \"While it is our belief that at this juncture, interventions in UPI should spur growth and innovation than limit it, which we think the market cap might do, we remain committed to complying with the laws of the country.\"
While PhonePe clocked 3.14 billion UPI transactions in August with a 48% market share, Google Pay turned in 2.2 billion transactions on the payments highway with a 34% share, according to the latest data on the NPCI website.
Newer entrant, Meta-owned WhatsApp Pay, garnered less than 1% share of the overall UPI market in August, with only 6.72 million transactions, despite launching successive cashback campaigns in April and June<\/a> that had resulted in a small spike in numbers.
The total number of UPI transactions in August stood at 6.5 billion.
PhonePe and Google Pay, on average, have about 80% share on the digital payments network each month. The NPCI has set a limit of 30% market share for any digital payments entity.
\"There are requests to delay the implementation timeline by even five years. But they (NPCI) are consulting with the government and are keen to know more about its implications...,\" one of the sources said. \"As things stand, there hasn’t been any change in market share dominance on UPI even after WhatsApp Pay was allowed to scale to 100 million users.\"
NPCI had consulted the Reserve Bank of India<\/a> (RBI) on whether such an extension was a viable option. \"It wasn’t submitted as a formal opinion though, but this was discussed,\" the person added.
Tata Group’s super app Tata Neu also joined UPI earlier this year<\/a> but hasn’t seen any noticeable traction yet.
Zomato, Swiggy and NPCI did not respond to ET’s queries till press time Monday.
A spokesperson for PhonePe said bringing an \"artificial market cap implementation will severely limit the growth of the digital ecosystem and will impede the goals of financial inclusion.\"
Organic growth
<\/strong>Leading platforms with a majority share have argued that as more third-party players come into the UPI fold, it should be allowed to grow organically instead of setting limits on market share, people aware of the discussions between NPCI and UPI apps said.
\"It is obvious that existing leaders on UPI don’t want the cap to come into effect as they invested in it early on. Their argument is to let consumers opt for new UPI apps organically and not by force,\" one of the people said.
\"The big challenge on UPI market cap continues to be its implementation,\" said another fintech executive who is aware of the discussions. \"These players have been consulting with NPCI asking for guidelines, stating there's no way for them to curb market share, apart from blocking existing users from performing transactions. This obviously doesn't seem like a feasible plan of action (to these players).\"
A third fintech executive told ET that certain stakeholders in the UPI ecosystem have also begun informal discussions with the regulator and the central government on the market cap issue.
Earlier this month, RBI deputy governor T Rabi Sankar said the regulator was looking to address and find a solution to the issues related to the duopoly created by PhonePe and Alphabet-owned Google Pay.
While Google Pay, commonly referred to as Gpay, remains one of the leaders on UPI, the market share cap would be more critical for homegrown PhonePe.
PhonePe is slated to hold its board meeting this week to discuss plans for next year and is currently working on a restructuring plan as part of its separation from parent entity, Flipkart group.
PhonePe, ET reported previously,<\/a> has plans to raise external capital after the restructuring exercise and a market share cap may impact those plans.
\"There have been conversations internally on the implications of the market cap proposal on PhonePe as an independent organisation outside the Flipkart group and its future keeping in mind its ambitious plans,\" one of the people aware of the goings-on said.
PhonePe co-founder and chief executive Sameer Nigam, who had previously expressed apprehensions about the cap on UPI market share, told ET in September last year that he was not worried about cutting back market share. \"That, however, has changed closer to the deadline and led to communication to the regulator (NPCI),\" one of the sources added.<\/p><\/body>","next_sibling":[{"msid":94313937,"title":"Cracked iPhone back glass? Some new models much easier to fix, firm finds","entity_type":"ARTICLE","link":"\/news\/cracked-iphone-back-glass-some-new-models-much-easier-to-fix-firm-finds\/94313937","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"94311049","title":"NPCI_UPI-digital mobile_payments_THUMB IMAGE_ETTECH","entity_type":"IMAGES","seopath":"tech\/technology\/npci-pings-govt-industry-on-upi-market-share-cap\/npci_upi-digital-mobile_payments_thumb-image_ettech","category_name":"NPCI pings govt, industry on UPI market share cap","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-2069369\/94311049.cms?width=150&height=112","link":"\/image\/tech\/technology\/npci-pings-govt-industry-on-upi-market-share-cap\/npci_upi-digital-mobile_payments_thumb-image_ettech\/94311049"}],"msid":94313990,"entity_type":"ARTICLE","title":"NPCI pings govt, industry on UPI market share cap","synopsis":"\u200bThis follows a formal request from digital payments firm PhonePe to defer the January 2023 deadline by at least three years, they said. Google Pay has also had consultations with NPCI regarding an extension, a person briefed on the matter said.","titleseo":"telecomnews\/npci-pings-govt-industry-on-upi-market-share-cap","status":"ACTIVE","authors":[{"author_name":"Digbijay Mishra","author_link":"\/author\/479221599\/digbijay-mishra","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479221599.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479221599,"author_name":"Digbijay Mishra","author_seo_name":"Digbijay-Mishra","designation":"Correspondent","agency":false}},{"author_name":"Tarush Bhalla","author_link":"\/author\/479256595\/tarush-bhalla","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479256595.cms?width=100&height=100","author_additional":{"thumbsize":false,"msid":479256595,"author_name":"Tarush Bhalla","author_seo_name":"tarush-bhalla","designation":"Journalist","agency":false}}],"analytics":{"comments":0,"views":101,"shares":0,"engagementtimems":505000},"Alttitle":{"minfo":""},"artag":"ETtech","artdate":"2022-09-20 07:31:41","lastupd":"2022-09-20 07:32:07","breadcrumbTags":["npci","reserve bank of india","unified payments interface","digital railroad","government","industry stakeholders","upi ecosystem","zomato","MVAS\/Apps"],"secinfo":{"seolocation":"telecomnews\/npci-pings-govt-industry-on-upi-market-share-cap"}}" data-news_link="//www.iser-br.com/news/npci-pings-govt-industry-on-upi-market-share-cap/94313990">
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动