Sunday, Jun 4, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Tech | Whatsapp Gets Npci Nod To Extend Payments Service To 100 Mn Indian Users

WhatsApp gets NPCI nod to extend payments service to 100 mn Indian users

New Delhi: In a major flip to Meta CEO Mark Zuckerberg to make deeper inroads into the Indian digital payments ecosystem, the National Payments Corporation of India (NPCI) has approved an additional 60 million users on unified payments interface (UPI) for WhatsApp. With this approval, WhatsApp will now be able to expand the service to […]

By IANS
Published Date - 10:29 AM, Thu - 14 April 22
WhatsApp gets NPCI nod to extend payments service to 100 mn Indian users
whatsapp facebook twitter telegram

New Delhi: In a major flip to Meta CEO Mark Zuckerberg to make deeper inroads into the Indian digital payments ecosystem, the National Payments Corporation of India (NPCI) has approved an additional 60 million users on unified payments interface (UPI) for WhatsApp.

With this approval, WhatsApp will now be able to expand the service to 100 million users out of more than 400 million in the country.

In November last year, the NPCI approved increasing the user cap for WhatsApp’s payment service from the current 20 million to 40 million users.

The NPCI has been giving approval to WhatsApp in a phased manner so that the competition in the digital payment space — dominated by PhonePe, Google Pay and Paytm — is not stifled.

WhatsApp India has said it will make significant investments regarding digital payments on its platform across the country, to accelerate its growth in a market where adoption of UPI-based payments has exploded.

As the adoption of ‘payments on WhatsApp’ increases with users across the country, the company looks forward to working with the NPCI to further expand it to all users.

The Meta-owned company has introduced several India-specific features in payments on WhatsApp and have seen exciting results.

WhatsApp kicked off its ambitious peer-to-peer (P2P) digital payments pilot project in India in 2018 with nearly 10 lakh users.

According to the NPCI, UPI had processed 5.04 billion transactions till March 29, amounting to Rs 8.88 trillion.

This was 11.5 per cent higher than the volume of transactions processed in February and 7.5 per cent higher in terms of value of transactions processed.

  • Follow Us :
  • Tags
  • Indian
  • NPCI
  • Whatsapp

Related News

  • WhatsApp bans over 70 lakh accounts in India

    WhatsApp bans over 70 lakh accounts in India

  • WhatsApp to introduce redesigned settings page and companion mode for iOS beta users

    WhatsApp to introduce redesigned settings page and companion mode for iOS beta users

  • WhatsApp working on redesigned keyboard with emoji category bar on Android

    WhatsApp working on redesigned keyboard with emoji category bar on Android

  • WhatsApp rolling out new ‘Updates’ tab on iOS beta

    WhatsApp rolling out new ‘Updates’ tab on iOS beta

  • WhatsApp bans record over 74 lakh bad accounts in India in April

    WhatsApp bans record over 74 lakh bad accounts in India in April

  • WhatsApp Beta testing new feature to discover channels with filters

    WhatsApp Beta testing new feature to discover channels with filters

Latest News

  • Balasore train accident was waiting to happen, indicates CAG report

    10 mins ago
  • Heatwave sweeps Andhra Pradesh, temperatures soar to 46 degrees Celsius

    13 mins ago
  • Andhra Pradesh: YSRCP unveils Mission IT Army

    17 mins ago
  • Rahul Gandhi’s images from Bharat Jodo Yatra shown at Times Square billboard

    43 mins ago
  • Odisha CM announces Rs 5 Lakh ex-gratia for families of victims killed in train accident

    57 mins ago
  • Andhra Pradesh sends 10 ambulances to help Odisha train accident victims

    1 hour ago
  • Odisha train accident: Joe Biden expresses heartbreak

    1 hour ago
  • Senior most Maoist leader Katakam Sudarshan dead

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam