With the payments through various UPI apps such as Google Pay<\/a>, PhonePe<\/a> and Paytm<\/a> fast becoming the norm of the day, regulators and even lawmakers are becoming wary of a strong duopoly in the market and that too of foreign-owned entities. 通过各种UPI和支付应用程序等谷歌支付,PhonePe和Paytm迅速成为常态,甚至监管者和立法者越来越谨慎,一个强大的双头垄断市场,外资的实体。
As per the latest data from the National Payments Corporation of India (NPCI<\/a>), which is pushing for capping the market share of each player at 30%, there were more than five dozen Unified Payments Interface<\/a> (UPI) apps registered in the country at the end of June 2022. Together, they accounted for 5.8 billion transactions with a total value of over Rs 10 lakh crore during the month.
However, the top-two players - Walmart-owned PhonePe and Google's G-Pay - accounted for more than 81% of the total volume and nearly 84% of the value.
Adding Paytm<\/a>, the share of the top-three players rose to 96%.
Amazon Pay<\/a>, another foreign player, which generally figures in the top five, is also seeking to expand its market aggressively but commands just about 1% for now. Same is the case with WhatsApp so far.
Multiple MPs, including some from the ruling Bharatiya Janata Party (BJP), said they plan to raise the issue in Parliament during the upcoming monsoon session and in meetings of relevant parliamentary panels.
None of them agreed to be identified, saying a formal position is yet to be taken on the matter by their respective parties.
While the market players are required to reduce their market share to within a regulatory cap of 30% by January 2023, some are already lobbying hard to get the deadline extended.
The MPs said it is not good for a few players to dominate this important market, and more so, not when there is dominance of foreign entities as there could be systemic risks.
According to the NPCI data, the situation was not like this in the beginning.
In the first quarter of he financial year 2016-17, since when the data is available, all top five players had 9-10% market share. It started changing from the subsequent quarter itself with two of them getting over 15% each. By the fourth quarter of that year, the top player had over 45% and the second at 35%.
In the third quarter of the subsequent year, the top player had got more than 61%, though it fell soon and remained in the range of 33-36% till the second quarter of 2019-20, before rising again to more than 40% for several quarters now.
The top two players have been commanding more than 80% of the market share together for a long time now, an MP pointed out citing the NPCI data.
In the UPI ecosystem, regulations are still evolving and mostly ride on compliances of sponsor banks.
NPCI came out with the standard operating procedures for UPI apps in March 2021, in which it called for a 30% volume market share cap for the players to even out the distribution among the participants.
<\/p><\/body>","next_sibling":[{"msid":92796798,"title":"Adobe appoints Venu Juvvala to lead digital experience business in India","entity_type":"ARTICLE","link":"\/news\/adobe-appoints-venu-juvvala-to-lead-digital-experience-business-in-india\/92796798","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":92797874,"entity_type":"ARTICLE","title":"Wary of Google Pay, PhonePe's duopoly in UPI market, MPs to raise issue in Parliament","synopsis":"Together Google Pay, PhonePe, and Paytm have close to 96% of the market share.","titleseo":"telecomnews\/wary-of-google-pay-phonepes-duopoly-in-upi-market-mps-to-raise-issue-in-parliament","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":184,"shares":0,"engagementtimems":819000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2022-07-11 12:24:28","lastupd":"2022-07-11 12:30:04","breadcrumbTags":["upi market","mvas\/apps","phonepe","UPI Market Share","npci","unified payments interface","amazon pay","google pay","Paytm","paytm","upi market duopoly"],"secinfo":{"seolocation":"telecomnews\/wary-of-google-pay-phonepes-duopoly-in-upi-market-mps-to-raise-issue-in-parliament"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2022-07-11" data-index="article_1">
根据最新的数据从印度支付总公司(NPCI),这是推动限制每个球员的市场份额为30%,有超过五打统一的支付接口(UPI)应用在国内注册的2022年6月。在一起,他们占58亿交易总额超过当月10十万的卢比。
添加Paytm零售业的球员,升至96%。
亚马逊支付另一个外国球员,一般在前五名,也积极寻求扩大其市场但目前命令只减少了1%。到目前为止WhatsApp也是如此。
多个议员,包括一些来自执政的印度人民党(BJP)表示,他们计划在议会中提出这个问题在即将举行的会议有关议会季风会话和面板。
没有一个人同意透露姓名,说一个正式的地位尚未对此事采取各自的政党。
而市场参与者被要求减少他们的市场份额在30%的监管上限由2023年1月,一些已经努力游说让延长截止日期。
国会议员说这不是好几个玩家主导这个重要的市场,因此,当有外国实体中的优势可能有系统性风险。
据NPCI数据,没有这样的一个开始。
第一季度的财政年度2016 - 17,因为数据可用时,前五名球员都有9 - 10%的市场份额。它开始从随后的季度变化其中得到超过15%。到第四季度,顶级球员已经超过45%,第二个35%。
在随后一年第三季度,顶级球员已经超过61%,尽管它很快下降,保持在33 - 36%到2019年第二季度,20日之前再次上升到40%以上几个季度了。
最优秀的两位选手已经占据80%以上的市场份额在一起很长一段时间现在,下院议员指出援引NPCI数据。
UPI的生态系统、法规仍在不断改进,主要是乘坐赞助银行的遵从性。
NPCI出来UPI的标准操作程序应用在2021年3月,它呼吁30%体积的市场份额上限玩家甚至参与者之间的分布。
读到
With the payments through various UPI apps such as Google Pay<\/a>, PhonePe<\/a> and Paytm<\/a> fast becoming the norm of the day, regulators and even lawmakers are becoming wary of a strong duopoly in the market and that too of foreign-owned entities.
As per the latest data from the National Payments Corporation of India (NPCI<\/a>), which is pushing for capping the market share of each player at 30%, there were more than five dozen Unified Payments Interface<\/a> (UPI) apps registered in the country at the end of June 2022. Together, they accounted for 5.8 billion transactions with a total value of over Rs 10 lakh crore during the month.
However, the top-two players - Walmart-owned PhonePe and Google's G-Pay - accounted for more than 81% of the total volume and nearly 84% of the value.
Adding Paytm<\/a>, the share of the top-three players rose to 96%.
Amazon Pay<\/a>, another foreign player, which generally figures in the top five, is also seeking to expand its market aggressively but commands just about 1% for now. Same is the case with WhatsApp so far.
Multiple MPs, including some from the ruling Bharatiya Janata Party (BJP), said they plan to raise the issue in Parliament during the upcoming monsoon session and in meetings of relevant parliamentary panels.
None of them agreed to be identified, saying a formal position is yet to be taken on the matter by their respective parties.
While the market players are required to reduce their market share to within a regulatory cap of 30% by January 2023, some are already lobbying hard to get the deadline extended.
The MPs said it is not good for a few players to dominate this important market, and more so, not when there is dominance of foreign entities as there could be systemic risks.
According to the NPCI data, the situation was not like this in the beginning.
In the first quarter of he financial year 2016-17, since when the data is available, all top five players had 9-10% market share. It started changing from the subsequent quarter itself with two of them getting over 15% each. By the fourth quarter of that year, the top player had over 45% and the second at 35%.
In the third quarter of the subsequent year, the top player had got more than 61%, though it fell soon and remained in the range of 33-36% till the second quarter of 2019-20, before rising again to more than 40% for several quarters now.
The top two players have been commanding more than 80% of the market share together for a long time now, an MP pointed out citing the NPCI data.
In the UPI ecosystem, regulations are still evolving and mostly ride on compliances of sponsor banks.
NPCI came out with the standard operating procedures for UPI apps in March 2021, in which it called for a 30% volume market share cap for the players to even out the distribution among the participants.
<\/p><\/body>","next_sibling":[{"msid":92796798,"title":"Adobe appoints Venu Juvvala to lead digital experience business in India","entity_type":"ARTICLE","link":"\/news\/adobe-appoints-venu-juvvala-to-lead-digital-experience-business-in-india\/92796798","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":92797874,"entity_type":"ARTICLE","title":"Wary of Google Pay, PhonePe's duopoly in UPI market, MPs to raise issue in Parliament","synopsis":"Together Google Pay, PhonePe, and Paytm have close to 96% of the market share.","titleseo":"telecomnews\/wary-of-google-pay-phonepes-duopoly-in-upi-market-mps-to-raise-issue-in-parliament","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":184,"shares":0,"engagementtimems":819000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2022-07-11 12:24:28","lastupd":"2022-07-11 12:30:04","breadcrumbTags":["upi market","mvas\/apps","phonepe","UPI Market Share","npci","unified payments interface","amazon pay","google pay","Paytm","paytm","upi market duopoly"],"secinfo":{"seolocation":"telecomnews\/wary-of-google-pay-phonepes-duopoly-in-upi-market-mps-to-raise-issue-in-parliament"}}" data-news_link="//www.iser-br.com/news/wary-of-google-pay-phonepes-duopoly-in-upi-market-mps-to-raise-issue-in-parliament/92797874">
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