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India again delays rules to break PhonePe-Google Pay duopoly
India has once again pushed back a contentious plan to limit big technology companies' control of the nation's digital payments system, extending a
India has once again pushed back a contentious plan to limit big technology companies’ control of the nation’s digital payments system, extending a regulatory uncertainty that has weighed on the sector for years. For PhonePe, which controls nearly half of India’s digital payments market, the extension provides crucial clarity as it weighs plans for an initial public offering. The development highlights the challenges regulators face in balancing consumer convenience with market competition in the digital age, particularly in emerging economies where technology adoption has outpaced regulatory frameworks.
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