Digital Payments and Competition Concerns

Abstract

In the new era of digitalization, the major players of digital payment dominate the market which might lead to the marginalization of small businesses. In order to prevent this, the Competition Commission of India is empowered to make rules which, however, is showing inconsistencies in it's decision. The research discusses the major competitive issues present in the digital market in the countries such as India, The Netherlands, and UK. Specifically with respect to Indian digital payment market, the competition issues in India in the digital payment market have been thoroughly analyzed with the help of cases such as the cases Re WhatsApp Pay Case/ Google Pay Case where the entities were charged for the abuse of dominant position. Thus, to take such actions the regulatory bodies such as CCI, NPCI and RBI exercise effective control in dealing with such issues.