Cloud & Infra
impact 16
Amazon, Meta join fight to end Google Pay, PhonePe dominance in India
Amazon, Meta join fight to end Google Pay, PhonePe dominance in India PhonePe and Google Pay command 80% of India's UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.
Why it matters
A useful signal for anyone monitoring phonepe. The google factor makes this more consequential than it first appears.