Smaller UPI apps urge NPCI to rethink UPI Meta, warn of PhonePe, Google Pay dominance

Smaller UPI payment apps have jointly petitioned India's NPCI to halt the proposed UPI Meta framework, arguing it would entrench PhonePe (45% volume) and Google Pay (33% volume) dominance by allowing users to save preferred apps on merchant checkouts, whilst smaller players like Navi and super.money (1-2% each) would be systematically locked out.

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