WhatsApp to raise UPI user base to 100 million after NPCI permits additional 60 million users
WhatsApp UPI user base is all set to see huge jump.
WhatsApp UPI user base is all set to see huge jump. More WhatsApp users will be able to make transaction through Unified Payments Interface (UPI) soon as the National Payments Corporation of India NPCI has approved an additional 60 million users on UPI for WhatsApp. With this approval, the messenger will be able to expand its services to 100 million users.
See Zee Business Live TV Streaming Below:
'With this approval, WhatsApp will be able to expand the service to its 100 million (10 crore) users,' the National Payments Corporation of India said, announcing the decision.
Incorporated in 2008, the UPI is a retail payment method via digital mode. The NPCI is the umbrella organisation for operating retail payments and settlement systems in India. It has created a robust payment and settlement infrastructure in the country and changed the way payments are made through a bouquet of retail payment products such as RuPay card, Immediate Payment Service, Unified Payments Interface, Bharat Interface for Money, BHIM Aadhaar, National Electronic Toll Collection and Bharat BillPay.
The NPCI is focused on bringing innovations in retail payment systems through the use of technology. It is facilitating secure payment solutions with nationwide accessibility at a minimal cost in furtherance of India's aspiration to be a fully digital society.
WhatsApp competes with Alphabet Inc`s Google Pay, SoftBank- and Ant Group-backed Paytm and Walmart’s PhonePe in India`s crowded digital market.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Stocks To Buy For 2 Weeks: Axis Direct recommends buying these stocks for 5-15 day; check targets, stop losses
Gold now down nearly Rs 6200/10 gm from all-time highs hit in October end: Should you wait or bet on opportunity?
Exclusive: Sebi reviews authorised person regulations; discusses minimum qualification, NISM certification and deposit amount criteria
Top 5 mid cap mutual funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
07:43 AM IST