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India has once again pushed back a contentious plan to limit big technology companies’ control of the nation’s digital payments system, extending regulatory uncertainty that has weighed heavily on the sector for years.
The National Payments Corporation of India (NPCI) announced on Tuesday it would extend the deadline for implementing a 30% cap on any company’s share of transactions on the Unified Payments Interface (UPI), the country’s ubiquitous digital payments network, to December 31, 2026.
Source: techcrunch.com
