Small UPI Players Push for Fair Competition Against Major Brands

Smaller players in India’s Unified Payments Interface (UPI) sector are set to meet with the National Payments Corporation of India (NPCI) to address concerns about the dominance of industry leaders like PhonePe, Google Pay, and Paytm. These smaller companies aim to ensure a level playing field and fair competition within the UPI ecosystem, which has seen rapid growth primarily propelled by these larger platforms. The meeting represents a significant step towards fostering more equitable practices in digital payments in India. Meanwhile, WhatsApp is enhancing its defenses against scams to protect users from fraud attempts on its platform. Source: ETtech.