India's National Payments Corporation (NPCI), the regulatory body for the Unified Payments Interface (UPI) mobile Payment system, is planning strategic discussions with various fintech startups. The aim is to counterbalance the growing market dominance of PhonePe and Google Pay. This move comes in response to concerns raised by legislators and industry insiders about the concentrated market share of these two platforms, which together account for nearly 86% of UPI transactions by volume.