Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
Does the fintech sector present any specific challenges or concerns from a competition perspective? Are there any pro-competition measures that are targeted specifically at fintech companies?

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.

For more information about this answer please contact: Probir Roy Chowdhury from J. Sagar Associates