Long after automated teller machines (ATMs) became interoperable for banking customers, the entire spectrum of banking is becoming independent of membership. Earlier this week, ICICI Bank created a stir by announcing that its banking app, iMobile Pay, would be free for everyone. A customer does not need to be with …
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The retail payments body, National Payments Corporation of India (NPCI), said on Thursday that it has completed the private placement of 4.63% of its equity shares. ₹Rs 81.64 crore, allowing small finance and payment banks as well as fintechs to be shareholders in the organization. NPCI had made an offer …
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‘We are working with five leading banks in India: ICICI Bank, HDFC Bank, Axis Bank, State Bank of India and Jio Payments Bank. People can send money on WhatsApp to anyone using a UPI-compliant app, ‘according to a blog post Following the approval of the National Payments Corporation of India …
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Facebook has been testing WhatsApp payments in India for years India allowed Facebook Inc. to start operating its WhatsApp payments service in the world’s largest open technology market. WhatsApp Pay can be activated through the homegrown multi-bank unified payments interface, the National Payments Corporation of India said in a statement …
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BENGALURU: After being stuck in beta mode for more than two and a half years, the popular messaging platform WhatsApp has the regulatory approval to launch the Unified payment interface (UPI) on a ‘graduated’ basis where you can expand to a maximum of 20 million users initially. Until now, it …
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