Tech Crunch – Indian parliamentary panel red-flags PhonePe and Google Pay cornering 83% of India’s UPI payments

Posted on February 9, 2024

An Indian parliamentary panel has urged the government to support the growth of domestic fintech players that can provide alternatives to the Walmart-backed PhonePe and Google Pay apps that currently command more than 83% of the country’s fast-growing digital payments market. The 58-page report, which includes a series of recommendations, comes at a time when […]