The National Payments Corporation of India (NPCI), the governing body overseeing the country's widely used Unified Payments Interface (UPI) mobile payment NPCI is set to engage with various fintech startups this month to develop a strategy to address the growing market dominance of PhonePe and Google Pay in the UPI ecosystem.

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India is taking steps to address the market dominance of PhonePe and Google Pay in the UPI mobile payment system.

India scrambles to curb PhonePe and Google’s dominance in mobile payments