NPCI Announces 30 Percent Cap for Third Party UPI Apps Like Google Pay, PhonePe

first_img– Advertisement – ALSO SEE: WhatsApp Pay gets green signal from NPCIWith this new rule, the companies will see their share change — the cap of 30 percent will be calculated on the basis of total volume of transactions processed in UPI during the preceding three months on a rolling basis. According to the announcement, the TPAs that have more than a 30 percent share will have a two year period to comply in a phased manner.It’s not clear what will happen if a company hits a cap — whether it would be allowed to carry out further transactions at that point in time, or whether it would have to stop. This means that if you’re using a popular TPA like Google Pay or PhonePe, would this lead to more failed transactions? At present, this is not certain. WhatsApp is another contender in this space which has been waiting in the wings for permissions, and it has now been given permission by the NPCI to go ahead with its rollout.- Advertisement – The National Payments Corporation of India (NPCI) has set a cap of 30% on total volume of UPI transactions processed by Third Party App (TPA) providers, which will come into place from January 2021. UPI — the Unified Payments Interface — has exceeded two billion transactions, according to the NPCI, with TPAs like Google Pay and PhonePe accounting for the majority of this figure. Now, the NPCI has put a cap on the proportion of transactions that a single company can process, in order to “address the risks and protect the UPI ecosystem as it further scales up,” the NPCI wrote. This will largely affect Google Pay and PhonePe, and present an opportunity for others such as Paytm and MobiKwik. There are also concerns that by capping the number of transactions a company can do in a month, it might lead to greater failure rates of transactions.The UPI ecosystem is heavily dominated by only two companies — Google Pay and PhonePe. According to a recent report, both companies account for around 40 percent of the number of transactions — each. Aside from this, two other companies, Paytm and MobiKwik are together almost 20 percent of the UPI transactions. All other apps, ranging from the government’s BHIM UPI app, to the many bank apps, barely have any share.- Advertisement –center_img WhatsApp Pay has now been given permission to expand its users in a phased manner, with a maximum user base of up to 20 million users. To compare, PhonePe recently announced that it has hit the 250 million user mark.Why are smartphone prices rising in India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.last_img read more

Contact in practices to decrease with injuries, approaching season opener

first_img Facebook Twitter Google+ As the injury list continues to grow, the numbers of days separating Syracuse from its season opener against Penn State on Aug. 31 continues to shrink.Kicker Ross Krautman and offensive lineman Kyle Knapp were the biggest names unable to play Monday. So 12 days before Week One, head coach Scott Shafer said the somewhat hobbled Orange will taper off the contact later this week.“We’ve had a lot of bumps and bruises and some headaches and situations like that, but not a lot of major, major injuries which I’m pleased with,” Shafer said. “I’m just knocking on wood that we can finish out this week.”Shafer said that Tuesday and Wednesday’s sessions will mimic in-season Tuesdays and Wednesdays. “The hardest days of the week,” he called them. Then Thursday and Friday will focus on mock in-game simulations, breaking down the possible outcomes of each play.Krautman, who is sidelined with a slight groin strain, and defensive end Tyler Marona were absent from practice Monday. Knapp missed all of last week’s practices in Fort Drum, N.Y.AdvertisementThis is placeholder textWide receiver Corey Winfield and defensive back Josh Mims were at practice, but didn’t wear pads and didn’t participate in drills. Linebackers Oliver Vigille and Josh Kirkland, who has now missed more than a week, were also both at practice but not in pads.Walk-on wide receiver Franklin Santos and walk-on defensive back Joe Stanard both were not at practice. Comments Published on August 19, 2013 at 9:37 pm Contact Stephen: | @Stephen_Bailey1last_img read more

Clippers coach Doc Rivers might rest players down the stretch

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Paul will be 30 in May and, as the quarterback, his season is as much a grind as anyone’s. Rivers said if a game off is best for Paul, then so be it.“The 82 thing is an individual thing,” Rivers said of Paul’s goal to play all 82 games. “That does nothing for our team. If resting him at some point we feel is the best thing for him, then he’s going to have to take that hit.”Team waiting on CrawfordPaul was asked Monday if the team is starting to find the consistency it would like to have. Paul quickly brought the injured Jamal Crawford into the conversation. Crawford, the Clippers’ sixth man who is averaging 16.4 points, has missed the past 10 games with a calf injury.“We’re still trying to find it,” Paul said. “And like I’ve said, we can play as well as we want to right now. But ’Mal is a huge piece of this team. So I don’t care what anybody says, we’re not going to see who we really are until ’Mal comes back.” Clippers coach Doc Rivers has yet to sit players this season to give them rest, like so many other head coaches around the league have done in what has become a new-wave strategy.Rivers spoke openly about that prior to Sunday’s victory over the New Orleans Pelicans. Starting point guard Chris Paul has never played in all 82 games of a season, and he has played in all 71 so far. Starting small forward Matt Barnes is 35. Blake Griffin is five games into a return after being out five weeks with an elbow injury.All could be candidates to take off a game or two in this final stretch of 11 regular-season games, which begins at 4 p.m. Wednesday at New York. And if Rivers believes resting them or anyone else will help the team in the playoffs, “then we’re going to rest.”DeAndre Jordan has played in 311 consecutive regular-season games, the longest active streak in the league, so he likely would never want to sit, and at age 26, the energetic center probably might not need it.center_img Hawes strugglingBackup center Spencer Hawes is having a miserable time. When Blake Griffin went down, Hawes got the start. Since Hawes had started much of his career before coming to the Clippers this season, it seemed that would benefit him.He had his moments, but overall it did not work out that way.Hawes is averaging just 6.1 points and 3.8 rebounds. In 12 games this month, he’s averaging 4.6 points and 3.5 rebounds while shooting just 30.1 percent from the field, 31.3 from 3-point range.Rivers isn’t sure how to get him going.“I don’t know, I really don’t,” he said. “I’m working on it. I haven’t been successful yet. But I believe that Spencer Hawes will help us, and I keep saying it. But I’ve gotta do better, too. It’s not just all on him.” Road tripAfter Wednesday’s game at New York (14-57), the Clippers (46-25) play Friday at Philadelphia (17-53) and Sunday at Boston (31-39). It would seem like this road trip should be a cake walk. But Paul intimated no one will be thinking like that.“We’re going as far East as we possibly can and it’s gotta be a business trip for us,” said Paul, whose team has won four consecutive games. “It’s about us. It’s about us getting better defensively and continuing to get better offensively and start finding our way before the playoffs.”last_img read more