What changed in the Indian payment market this week 👇
1️⃣ ED raided 20 locations: betting money was being transferred through mule accounts
India's Enforcement Directorate (ED) conducted raids in Mumbai, Pune, Surat, Hyderabad, and Mehsana in a case linked to the All Panel Exchange and MGM91 betting platforms.
According to the investigation, victims' money was being routed through mule accounts and more than 200 fake merchants to a payment company in Pune. Some cooperative banks are also under investigation, and several accounts have been frozen.
→ The ED has warned that people who knowingly allow their bank accounts to be used for such transactions may face action under the PMLA. The punishment can be up to 7 years in prison. Work only with verified merchants and keep proof of every transaction.
2️⃣ PhonePe and Google Pay's combined UPI market share fell to 77.8%
According to NPCI data, in September 2026, PhonePe accounted for 45.6% of UPI transactions and Google Pay accounted for 32.2%. Their combined share was 77.8%, compared with 81.9% a year earlier.
Paytm ranked third with an 8.1% share, while Navi ranked fourth. Both major apps have been given until 31 December 2026 to bring their shares in line with NPCI's 30% limit.
→ The UPI market is gradually becoming more distributed among newer apps. Clients may use different payment apps, so keep your accounts ready to receive payments through different apps.
3️⃣ Delta Corp suffered a loss of ₹106 crore due to a GST dispute
India's listed casino company Delta Corp reported a quarterly loss due to GST-related provisions. The Supreme Court reduced the tax demand, but the company had already paid ₹81 crore.
→ Tax pressure on the gaming industry remains high, which is also increasing merchants' costs.
Hinglish
🗓 India P2P Processing WEEKLY | 12–18 October 2026
Is hafte Indian payment market mein kya badla 👇
1️⃣ ED ne 20 jagahon par raid ki: betting ka paisa mule accounts ke through transfer kiya ja raha tha
India ki Enforcement Directorate (ED) ne Mumbai, Pune, Surat, Hyderabad aur Mehsana mein All Panel Exchange aur MGM91 betting platforms se jude case mein raids ki.
Investigation ke mutabik, victims ka paisa mule accounts aur 200 se zyada fake merchants ke through Pune ki ek payment company tak pahunchaya ja raha tha. Kuch cooperative banks ki bhi jaanch ho rahi hai aur kai accounts freeze kar diye gaye hain.
→ ED ne chetavani di hai ki jo log jaanbujhkar apne bank accounts ka istemal aise transactions ke liye karne dete hain, un par PMLA ke tahat karwai ho sakti hai. Saza 7 saal tak ho sakti hai. Sirf verified merchants ke saath kaam karein aur har transaction ka proof sambhal kar rakhein.
2️⃣ PhonePe aur Google Pay ka UPI market share girkar 77.8% hua
NPCI ke data ke mutabik, September 2026 mein PhonePe ka UPI transactions mein share 45.6% aur Google Pay ka 32.2% tha. Dono ka combined share 77.8% raha, jabki ek saal pehle yeh 81.9% tha.
Paytm 8.1% share ke saath teesre number par raha, aur Navi chauthe number par. Dono bade apps ko NPCI ki 30% limit ke anuroop apna share lane ke liye 31 December 2026 tak ka samay diya gaya hai.
→ UPI market dheere-dheere naye apps mein distribute ho raha hai. Clients alag-alag payment apps ka use kar sakte hain, isliye apne accounts ko different apps se payments receive karne ke liye ready rakhein.
3️⃣ Delta Corp ko GST dispute ke kaaran ₹106 crore ka loss hua
India ki listed casino company Delta Corp ne GST se jude provisions ke kaaran quarterly loss report kiya. Supreme Court ne tax demand ko kam kiya, lekin company pehle hi ₹81 crore pay kar chuki hai.
→ Gaming industry par tax ka pressure abhi bhi zyada hai, jiski wajah se merchants ki costs bhi badh rahi hain.
P2P