India has also delayed laws to break the PhonePe-Google Pay duopoly

India is back again successful plan reducing the control of major tech companies over the country’s digital payment system, deepening the systemic uncertainty that has weighed on the sector for years.

The National Payments Corporation of India said on Tuesday it will extend the 30% transaction fee per app transaction on the Unified Payments Interface, or UPI, the country’s digital payments network, until December 31, 2026.

The decision provides a temporary relief to Walmart-backed PhonePe and Google Pay, which together account for over 85% of UPI transactions. The network, which handles more than 13 billion transactions a month, has been the backbone of India’s digital economy since its inception eight years ago.

The regulator, which operates under the supervision of India’s central bank and is supported by more than 50 commercial banks, they struggled to find ways to manage market share restrictions without disrupting the jobs of the hundreds of millions of Indians who depend on these payment programs every day.

On Tuesday, India too removed restrictions on WhatsApp’s mobile payment serviceallowing instant messaging app Meta to roll out WhatsApp Pay to all 500 million plus users in the South Asian market.

For the rest of the year, the adults did many discussions with industry leaders about ways to boost the helmets, but they haven’t found a viable solution that won’t disrupt the consumer experience, according to people familiar with the discussions.

Earlier this year a group of Indian parliamentarians urged the government to supporting the growth of domestic fintech players which can provide alternatives to PhonePe and Google Pay.

The market cap was first set for 2020, with the deadline later pushed to 2025. Tuesday’s decision marks another delay in India’s efforts to tap the growing power of global technology in its growing digital economy.

For PhonePe, which controls almost half of India’s digital payments market, this expansion provides a valuable insight into the startup’s offering plans. The company’s CEO has previously cited the uncertainty surrounding the market share as a major obstacle to their IPO timing.

The UPI network, which facilitates interoperability between various payment apps and banks, has become the most popular way for Indians to transact online, used for everything from paying street vendors to taxi fares.