"The decision to delay the market share cap is aimed at not hindering the growth of the UPI ecosystem while also giving other players the time to grow," a person familiar with the discussions said, speaking on the condition of anonymity as they are not allowed to speak to the media. The NPCI did not immediately respond to an email seeking comment.Meanwhile, the regulator also removed the user onboarding limit for WhatsApp Pay, with immediate effect. With this development, WhatsApp Pay can now extend UPI services to its entire user base in India, according to a release by NPCI, adds fe Bureau.It is a positive development for WhatsApp as it will now be able to expand its payments feature to its existing user base in India, which exceeds 500 million users. Earlier, NPCI had permitted WhatsApp Pay to expand its UPI user base in a phased manner. In November, WhatsApp Pay processed 51 million UPI transactions.REUTERS

Market share cap for UPI postponed by two years

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.