NPCI extends deadline to levy cap on digital payment transactions

India has decided to extend the deadline on capping the share of digital payment transactions by about two years to December 31, 2024, the National Payments Corporation of India (NPCI) said on Friday. The NPCI had said in late 2020 that payment firms will not be allowed to process more than 30% of the total volume of transactions on UPI from January 1.

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