The National Payments Corporation of India (NPCI) has announced a cap of 30% of the total volume of transactions processed in UPI. The cap will apply to all Third-Party App Providers (TPAPs).
NCPI on Thursday said, "With UPI reaching 2 Bn transactions a month and with potential for future growth, it has issued a cap of 30% of the total volume of transactions processed in UPI, applicable on all Third-Party App Providers (TPAPs)."
"It will help to address the risks and protect the UPI ecosystem as it further scales up," NCPI added.
NCPI explains that the cap of 30% will be calculated basis the total volume of transactions processed in UPI during the preceding three months (on a rolling basis).
Also, NCPI said, the existing TPAPs exceeding the specified cap, will have a period of two years from January 2021, to comply with the same in a phased manner.
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