India News | NPCI Okays 6 Crore More Users for UPI Payments on WhatsApp
Get latest articles and stories on India at LatestLY. More WhatsApp users will now be able to make monetary transactions via UPI as the country's payment authorisation body on Wednesday approved an additional six crore users for the messaging platform.
New Delhi, Apr 13 (PTI) More WhatsApp users will now be able to make monetary transactions via UPI as the country's payment authorisation body on Wednesday approved an additional six crore users for the messaging platform.
"With this approval, WhatsApp will be able to expand the service to its 100 million (10 crore) users," the National Payments Corporation of India (NPCI) said, announcing the decision.
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Unified Payments Interface (UPI) is a retail payment method via digital mode.
The NPCI is the umbrella organisation for operating retail payments and settlement systems in India.
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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 (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar, National Electronic Toll Collection (NETC Fastag) 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.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)