It’s possible that soon, UPI payment systems like Google Pay, PhonePe, Paytm, and others could impose a transaction cap. Users may soon be unable to use UPI payment apps to send an unlimited number of payments. The Reserve Bank has proposed a deadline of December 31 for limiting player volume to 30%. The National Payments Corporation of India (NPCI), which runs the UPI digital pipeline, is in discussions with the Reserve Bank about imposing this deadline. There is currently no volume cap, and around 80% of the market is made up of Google Pay and PhonePe. In November 2022, NPCI recommended a 30% volume cap for third-party app providers (TPAP) to reduce the risk of concentration.