NPCI
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Market Intelligence & News
Indian payments firms flag competition risks in one-click UPI checkout- report
The companies have sent their concerns in a letter to the National Payments Corporation of India (NPCI).
Indian payments firms oppose one-click UPI checkout proposal, citing competition risks
Several Indian digital payments firms have opposed a proposal that would allow merchants to store customers' preferred Unified Payments Interface option for one-click checkouts, arguing it could entrench the dominance of the bigger payment apps. In a July 23 letter reviewed by Reuters, the companies told the National Payments Corporation of India (NPCI), which oversees the UPI network, that the proposal could "adversely impact" competition. NPCI and the companies did not immediately reply to Reuters' requests for comments.
NPCI ties up with HSBC India, JP Morgan for cross-border UPI FX
The collaboration will support real-time currency conversion and settlement for international payments made through UPI.
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