{"id":1023226,"date":"2026-07-24T08:09:55","date_gmt":"2026-07-24T02:39:55","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1023226"},"modified":"2026-07-24T08:11:28","modified_gmt":"2026-07-24T02:41:28","slug":"fintechs-tell-npci-its-default-app-plan-could-kill-competition","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/24\/fintechs-tell-npci-its-default-app-plan-could-kill-competition\/","title":{"rendered":"Fintechs tell NPCI its &#8216;default app&#8217; plan could kill competition"},"content":{"rendered":"<p>Seven of India&#8217;s leading fintech players \u2014 Paytm, Navi, CRED, Super Money, Kiwi, BharatPe and FamPay \u2014 have jointly written to the National Payments Corporation of India (NPCI), submitting that its proposed &#8220;UPI Meta&#8221; checkout protocol could kill the very competition it claims to enhance. In a strongly worded joint representation seen by ET, the companies warn that the framework risks locking customers into a single default payment app chosen at onboarding, rather than letting them actively choose at every transaction. The third-party application providers (TPAPs) have requested NPCI to undertake broader consultation before progressing with the proposed framework.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seven of India&#8217;s leading fintech players \u2014 Paytm, Navi, CRED, Super Money, Kiwi, BharatPe and FamPay \u2014 have jointly written to the National Payments Corporation of India (NPCI), submitting that its proposed &#8220;UPI Meta&#8221; checkout protocol could kill the very competition it claims to enhance. In a strongly worded joint representation seen by ET, the companies warn that the framework risks locking customers into a single default payment app chosen at onboarding, rather than letting them actively choose at every transaction. The third-party application providers (TPAPs) have requested NPCI to undertake broader consultation before progressing with the proposed framework.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1023226","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1023226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1023226"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1023226\/revisions"}],"predecessor-version":[{"id":1023254,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1023226\/revisions\/1023254"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1023226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1023226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1023226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}