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Digital payment apps face an uphill battle to turn India cashless


The playing field in India’s rapidly expanding market for digital payments is poised to get more crowded as the country races to catch up with China in squeezing out the use of cash, according to Dilip Asbe, the Chief Executive Officer of National Payments Corporation of India (NPCI).

That means Indians will continue to face a bewildering array of payments apps provided by Facebook Inc, Google, Amazon.com Inc and others, in contrast to China where two home-grown technology giants dominate the market.

“India will remain a multiple-player model where the consumer has a choice to continue to use ...


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