The Unified Payments Interface (UPI) system may not see many new players entering the space as it has got aggregated with a few players, according to a report.

While UPI has enabled innovation in the payment space, it has resulted in larger players taking complete control of the market, it said.

With the wallet business depleting and UPI getting aggregated under a few players, there may not be many new players entering this space.

The report further said the remittance business would continue to scale as the market has remained largely untapped to date.

India will see the emergence of a few large remittance players with focus on high-traffic corridors, it said. | To read full story, visit https://startuparound.com/read/1575889237.41074/Not-many-new-players-will-enter-UPI-space:-report?ref=audio_experience