GENERAL15 Sept 2026
No concentration risk, UPI is interoperable: PhonePe cofounder Rahul Chari
PhonePe cofounder and chief technology officer Rahul Chari has shared his plans for the next decade. He also answered worries about concentration risk, saying there is no such risk because UPI, the Unified Payments Interface, is interoperable. For business owners, this means the UPI app you use can work with other apps and banks. Keep using whichever UPI app suits you.
Key Statutory Highlights
- Rahul Chari is the cofounder and chief technology officer of PhonePe.
- He has outlined his plans for the company over the next decade.
- He addressed concerns around concentration risk, saying UPI is interoperable and there is no concentration risk.
Actionable Advice for Taxpayers / Founders:If you accept digital payments, you can keep using your current UPI app. If you worry about depending on one provider, ask your bank or payment provider which other UPI apps you can accept — don't assume your setup must change.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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