Fintechs warn NPCI’s UPI Meta plan could concentrate checkout choice
Seven Indian fintechs have asked NPCI to reconsider its proposed UPI Meta framework, arguing that a default-app checkout flow could favour large payment apps, limit transaction-level consumer choice and curb innovation among smaller third-party app providers.
Seven Indian fintechs urged NPCI to reconsider UPI Meta, warning that its default-app checkout design could entrench large payment apps, weaken transaction-level customer choice and hurt competition, innovation and smaller TPAPs.
Why this matters
The fintech challenge follows NPCI’s reported work on offline NFC tap-to-pay for UPI and a Unified Agent Protocol for AI-led UPI payments, extending scrutiny of how new UPI infrastructure shapes app access and choice.
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