WhatsApp started its payment services in India on Friday after the assent of the National Payments Corporation of India (NPCI). NPCI, which runs the Unified Payment Interface (UPI), had on Thursday allowed WhatsApp to start its payments service in the country on a “graduated” basis, starting with a maximum registered …
Read More »WhatsApp Pay, UPI’s double hit limit for payment companies
A day after the National Payments Corporation of India (NPCI) announced a 30% market capitalization for digital payments companies in UPI, market leader Google Pay said it could affect further UPI adoption in the country. The cap comes at a time when WhatsApp Pay launched in India on Friday after …
Read More »NPCI Announces 30 Percent Limit For Third Party UPI Apps Like Google Pay, PhonePe
The National Payments Corporation of India (NPCI) has set a 30% limit on the total volume of UPI transactions processed by third party application providers (TPA), which will take effect from January 2021. UPI, The unified payments interface has surpassed two billion transactions, according to the NPCI, and TPAs such …
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