Categories: Business

India’s payments body approves WhatsApp’s plan to extend its payments service to 60M additional users in India, allowing WhatsApp Pay to reach up to 100M total (Indian Whatsappsinghtechcrunch)

Indian Whatsappsinghtechcrunch: The National Payments Corporation of India (NPCI) has approved WhatsApp’s plan to extend its payments service to 60M additional users in India, the company announced. The move is in line with the NPCI’s objectives and positions, and will allow WhatsApp Pay to reach up to 100M total.

WhatsApp plans on rolling this out gradually over time with input from Indian authorities. WhatsApp is currently tied up in a legal battle with India’s central bank, which has demanded that the company register as a payment services provider. The company says it will comply and register when the RBI sets out clear guidelines for implementing its new payments framework.

As part of the new rollout, WhatsApp will replace USSD and short code-based payments with Aadhaar-linked payments on USSD and mobile apps. Further, all payments will be routed through WhatsApp Payments Bank Limited. The NPCI is responsible for developing national payment systems and infrastructure in India.

WhatsApp is currently battling the Indian government in court over its decision to force the company to share user data with law enforcement.

Source : TechCrunch Author : Nitish Kashyap Source Link : CLICK HERE Permalink : India’s payments body approves WhatsApp’s plan to extend its payments service to 60M additional users in India, allowing WhatsApp Pay to reach up to 100M total

Is this fake news ? Report this post as #FakeNews and have a chance to win an Apple iPhone X or Samsung Galaxy S9.

Leonardo

Leonardo, a visionary entrepreneur and digital innovator, is the proud owner and mastermind behind chatonic.net. Born and raised in the heart of the Silicon Valley, he has always been fascinated by the potential of technology and its ability to transform the way we communicate and interact with one another.

Recent Posts

Fun Ways to Celebrate the End of a Successful Season for Your Sports Team

The end of a sports season, especially a successful one, is always bittersweet. You've put…

2 weeks ago

Enhancing Team Productivity through Effective Feedback

In today’s competitive work environment, enhancing team productivity is vital for any organization’s success. Effective…

3 months ago

Prizechecker.com – Your Source for Finance, Business, Tech, Lifestyle, and Health Insights

In today’s fast-paced world, staying informed is more important than ever. Whether you're interested in…

3 months ago

Rice Purity Test

Rice Purity Test The Purity Test has historically served as a segue from O-week to…

3 months ago

Why Django and Juliette Boots Are Worth the Investment: Insights from Seasonal Sales

For people who love style and quality, Django & Juliette shoes are really popular. The…

4 months ago

The Role of Player Form in Fantasy Cricket Success

In the fast-paced world of fantasy cricket, player form is what separates success from mediocrity. …

4 months ago