India
Answer ... At present, the fintech sector presents no challenges or concerns from a competition perspective, other than those faced in any sector. However, the government recently expressed concerns that digital payment transactions undertaken through the Unified Payments Interface are concentrated among a few non-banking players, and that this may create systemic risk in the digital payment ecosystem. Consequently, there is a proposal that each company’s market be limited to no more than 30% of all UPI transactions. A decision is yet to be taken in this regard.
