Here’s why Google Pay and PhonePe users may face more failed transactions in 2021 | Digit

Just before announcing that WhatsApp is now allowed to enable UPI payments for users in India, the National Payments Corporation of India (NPCI) set a cap of 30 per cent on the total volume of UPI transactions on Third Party App (TPA) providers. This will go into effect from January 2021 and will impact apps like Google Pay, PhonePe, WhatsApp Pay and the likes, which may cause them to fail more often than before, while first party UPI apps like Paytm and MobiKwik are expected to benefit from not having…