
WhatsApp Pay gets NPCI nod to onboard 100 million users
The current limit on WhatsApp Pay user base in India still remains way below the total number of subscribers the messaging application has in the country.
The current limit on WhatsApp Pay user base in India still remains way below the total number of subscribers the messaging application has in the country.
Coinbase closed UPI payments for Indian users, three days after launching the service following a comment by NPCI on the matter.
NPCI had confirmed that the more than 80% of self-certified syndicate banks (SCSBs), sponsor banks and UPI apps have conducted the required system changes.
e-RUPI will see more innovation in 2022, be it in corporate gift vouchers, processing donations, or usage by the government for direct benefit transfers.
The instant real-time payment system reports a threefold jump in volume and value over the last fiscal as customers opt for its convenience amid the pandemic.
More applications are likely as the RBI extends the deadline by a month to seek the licence for setting up a pan-India New Umbrella Entity (NUE), which will compete with the NPCI.
iPhone maker puts plans of rolling out UPI-based payments platform on backburner.