PhonePe and Google Pay command 80% of India’s UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.
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Amazon, Meta join fight to end Google Pay, PhonePe dominance in India
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It’s interesting to see major players like Amazon and Meta entering the competitive landscape of digital payments in India. This could lead to more options for consumers and potentially drive innovation in the sector. Looking forward to seeing how this unfolds!