Regulator Considers PhonePe, Google Payments

This is a news story, published by TechCrunch, that relates primarily to PhonePe news.

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India's mobile payments dilemma | TechCrunch

Summary

Nutrition label

74% Informative

The National Payments Corporation of India is set to decide as early as Monday whether to curb the dominance of Walmart ’s PhonePe and Google Pay in the mobile payments market.

The decision centers on UPI , a network backed by more than 50 retail banks that has changed how Indians pay for everything from groceries to taxi rides.

The uncertainty has thrown a wrench into PhonePe 's plans to go public.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech