In Brief: Facebook-Jio to seek CCI nod; NPCI may not cap market share of UPI apps

In Brief: Facebook-Jio to seek CCI nod; NPCI may not cap market share of UPI apps
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23 Apr, 2020

The recent Facebook-Reliance Jio deal has to be scrutinised by the Competition Commission of India (CCI), as they will control a huge amount of consumer data, The Economic Times reported, citing industry experts and government officials. The combined reach of Facebook and WhatsApp with telecom major Jio may give the firms an unfair advantage over their competitors, the report said. Anshuman Thakur, head of strategy for Reliance Jio, will soon approach the CCI for approval, it said. Company officials told the financial daily that the CCI approval is the only regulatory clearance the company needs. 

Read: Why the Facebook Jio combine could be a gamechanger for kiranas, micro and small entrepreneurs

NPCI may roll back plan to cap market share for third-party UPI apps

The National Payments Corporation of India (NPCI) may roll back its plan to put a cap of 33% on the market share of third-party unified payment interface (UPI) apps, Entrackr reported, citing sources. While the exact reason for the move is unknown, it could be the result of lobbying by third party app providers (TPAPs) opposing the cap, the sources told the publication. The proposal to cap UPI market share was mainly to curb the concentration of volume of transactions from a few limited firms such as Google Pay, PhonePe and Amazon Pay, the report added.

Indium Software partners with Mendix

Digital technology services company Indium Software has partnered with Boston headquartered low-code software platform Mendix to offer faster software delivery with low-code application development. The Chennai headquartered company will leverage the Mendix platform to deliver web and mobile applications eight times faster and drive return on investment in days instead of months, according to a statement. The Mendix platform provides tools to build, test, deploy and iterate applications in real time. 

UiPath integrates with ServiceNow platform

Robotics Process Automation (RPA) software company UiPath has announced its integration with ServiceNow. The integration will help customer companies achieve business-wide digital transformation to improve efficiency, innovate to remain competitive, and reimagine information technology (IT), employee and customer experience, according to a statement. ServiceNow provides the infrastructure needed to perform data collection, storage and application development on a single platform.

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