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Fintechs tell NPCI its 'default app' plan could kill competition
Seven Indian fintech firms have written to NPCI regarding its UPI Meta protocol. They argue the proposed framework risks locking customers into a single default payment app. This change could adversely impact competition and innovation within the digital payments ecosystem. The companies request broader consultation before NPCI proceeds with the framework. They believe the current UPI checkout flow does not require such a significant alteration.
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channelnewsasia.com
Indian payments firms oppose one-click UPI checkout proposal, citing competition risks
MUMBAI, July 23 : Several Indian digital payments firms have opposed a proposal that would allow merchants to store customers' preferred Unified Payments Interface option for…
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economictimes.indiatimes.com
Fintechs tell NPCI its 'default app' plan could kill competition
Seven Indian fintech firms have written to NPCI regarding its UPI Meta protocol. They argue the proposed framework risks locking customers into a single default payment app. This…
