NPCI imposes 30% cap on transaction volumes via UPI for third party apps

The National Payments Corporation of India (NPCI) has imposed a cap of 30 percent of the total volume of transactions processed in UPI, on all the Third Party App Provider (TPAP).
It means that all Third Party App Providers (TPAPs), which provide payments services via UPI, will be allowed to process a maximum of 30% of the total volume of UPI transactions. This will be with effect from January 1, 2021
The existing TPAPs whose limit exceeds the specified cap will get a period of two years from January 2021 to comply with the same in a phased manner.
However, for the new entrants such as WhatsApp Pay, the 30% cap will be applicable from January 2021.
As per data available on the NPCI website, there are 21 third party applications live on the UPI platform, such as Amazon, Whatsapp, Samsung and Google.