India to enforce a cap so no single payments app processes more than 30% of all UPI transactions per month from January 2021, affecting Google Pay and PhonePe (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
India to enforce a cap so no single payments app processes more than 30% of all UPI transactions per month from January 2021, affecting Google Pay and PhonePe  —  Google and Walmart have a new challenge ahead of them as they race to expand the reach of their payments apps in India: They won't be permitted to grow beyond a limit.