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Nov
National Payments Corporation of India(NPCI) is in talks with the Federal Reserve Bank on implementation of its projected point in time for limiting the amount cap of players to 30%.National Payments Corporation of India(NPCI), that runs the UPI digital pipeline, is in talks with the Federal Reserve Bank on implementation of its projected point in time for limiting the amount cap of players to thirty %. Back in Nov 2022, the NPCI had projected a thirty per cent volume cap for third-party app suppliers (TPAP). The proposal was created to avoid concentration risk. However, the present TPAPs like PhonePe and…