7 years, 8 months ago

Google, Facebook in talks with NPCI to enable UPI-based payment systems

Technology companies such Google Inc., Facebook Inc. and WhatsApp Inc. are in talks with the National Payments Corporation of India to enable Unified Payments Interface -enabled payment on their platforms, a move which, if executed successfully, would significantly boost digital payments in the country, a senior NPCI executive said. Adoption of UPI based payments by the likes of Facebook, WhatsApp and Google could significantly boost digital payments adoption in India. NPCI’s Hota said digital payments volume, which had picked up significantly after demonetization in November, fell between February and April. Hota said initiatives such as BHIM, a UPI-based digital payments app launched by the government last December, and RuPay debit cards will significantly boost digital payments.

Live Mint

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