Smaller UPI apps seek NPCI consultation on UPI Meta amid concentration concerns
Smaller UPI players have urged NPCI to widen consultation on UPI Meta, arguing that saved default payment-app preferences on merchant platforms could reinforce PhonePe and Google Pay’s dominance and constrain customer acquisition for emerging apps.
Smaller UPI apps have asked NPCI for wider consultation on UPI Meta, warning that saved default payment-app preferences on merchant platforms could entrench PhonePe and Google Pay, limiting customer acquisition and transaction-share growth for emerging players.
Why this matters
The consultation push follows reports that NPCI is developing offline NFC tap-to-pay UPI and may enable offline NFC UPI transactions up to ₹2,000, extending its work on UPI payment experiences.
Omni-channel is steady, with 1,460 signals recorded in the past 90 days.