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An Indian parliamentary panel has voiced its concerns over the prevailing dominance of PhonePe and Google Pay in the country&#39;s UPI payments market, especially amid ongoing issues with Paytm.

Parliamentary Panel Alarmed By Google Pay And Phonepe&#39;s UPI Market Dominance

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This move aligns with NPCI&#39;s goal to strengthen India&#39;s stature in the global digital payment arena and simplify remittances by reducing reliance on traditional money transfer methods.

UPI Goes International: Google India And NPCI Sign MoU For Global Expansion

Customers with deactivated UPI IDs and numbers will need to re-register in their UPI apps to reactivate their accounts.

NPCI Will Deactivate Certain UPI IDs After December 31: Here&#39;s What We Know

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Under the new NPCI guidelines, banks and third-party apps are tasked with identifying these dormant accounts.

NPCI Cracks Down On Dormant UPI IDs: What You Need To Know

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Behind the scenes, the National Payments Corporation of India (NPCI) is gearing up to roll out guidelines for this chat-friendly payment mode.

You Could Soon Ask Siri To Make UPI Payments Says RBI: Details Here

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