JSA Update – FinTech

Highlights: NPCI’s Standard Operating Procedure for the UPI TPAP Volume Cap

The National Payments Corporation of India (“NPCI”) has recently released the long awaited Standard Operating Procedure (“SOP”) for implementation of the 30% volume/market share cap on the Unified Payments Interface (“UPI”) platform. These SOPs would apply to all Third Party Application Providers (“TPAPs”) operating on the UPI platform. 

For a brief insight into its key features, please refer to the below document.