logo
welcome
Reuters

Reuters

Technology

Technology

India delays UPI payments market share cap in relief for Walmart-backed PhonePe, Google Pay

Reuters
Summary
Nutrition label

78% Informative

India delays implementation of market share caps for popular digital payments method by two years .

Google Pay and PhonePe are the two most widely used apps in India to make UPI payments.

The two firms processed a combined 13.1 billion transactions in November , data showed.

PhonePe 's share of payments stood at 47.8% in November 2024 while Google Pay's share was at 37% ..

VR Score

89

Informative language

98

Neutral language

17

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links