In a major push for digital payments, the National Payments Corporation of India (NPCI) announced on April 13 that it had approved an additional 60 million users on UPI for WhatsApp.
With this approval, WhatsApp will be able to expand the service to its 100 million users, NPCI said in a statement.
Object PreviewUnified Payments Interface (UPI) is a bulk payment method via digital mode.
The NPCI is the umbrella organization for running bulk payment and billing systems in India.
It has created a robust payment and settlement infrastructure in the country and transformed the way payments are processed through a range 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 innovation to retail payment systems through the use of technology. It enables secure payment solutions with nationwide accessibility at minimal cost to fuel India’s quest for a fully digital society.
(With inputs from PTI)