In a major push for digital payments, the National Payments Corporation of India (NPCI) said on April 13 it has approved 60 million additional 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 example Unified Payments Interface (UPI) is a retail payment method via digital mode.
The NPCI is the umbrella organization 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 range of retail payment products such as RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (OHIM) , OHIM Aadhaar, National Electronic Toll Collection (NETC Fastag), and Bharat BillPay.
The NPCI aims to bring innovations to retail payment systems through the use of technology. It facilitates secure payment solutions with nationwide accessibility at minimal cost to further India’s aspiration to be a fully digital society.
(With inputs from PTI)