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30% UPI market share cap rule does not apply to Paytm, Jio; this is why India's flagship funds processor, the National Payments Corp of India (NPCI), on Thursday stated third-party funds apps, from January 1 will not be allowed to course of greater than 30% of the entire quantity of transactions on state-backed United Payments Interface (UPI) framework, which facilitates seamless peer-to-peer cash transfers.
Google Pay set to tap into 12mn kirana stores in India
Google Pay which reported 55 million monthly active users in India in May has set eyes on tapping over 12 million ubiquitous kirana stores to write its next India growth story, a top company executive said on Wednesday.
According to Ambarish Kenghe, Director, Product Management, Google Pay, India, more and more people are embracing Google Pay and the aim is to tap into the small and medium businesses (SMBs) and the neighbourhood kirana stores, thus empowering both the merchants and the consumers go digital in a seamless and secure way.
Read More: https://www.bhaskarlive.in/2019/08/28/google-pay-set-to-tap-into-12mn-kirana-stores-in-india/
