NPCI removes UPI user onboarding limit for WhatsApp Pay
The National Payments Corporation of India (NPCI) on Tuesday removed the unified payments interface (UPI) user onboarding limit for WhatsApp Pay with immediate effect.
The National Payments Corporation of India (NPCI) on Tuesday removed the unified payments interface (UPI) user onboarding limit for WhatsApp Pay with immediate effect.
The Aadhaar Enabled Payment System (AePS) based financial transactions touched 100 million in the month of August, with transaction amount stood at Rs 24,676 crore, the National Payments Corporation of India (NPCI) data showed on Sunday.
This will enable UPI payment acceptance in Qatar through the QNB merchant network, benefiting Indian travellers visiting and transiting through the country.
With this development, Peru will soon have a UPI-like instant payments system.
Earlier, NRIs had to register an Indian mobile number with their banks to make UPI payments.
In a strategic move to further strengthen its cross-border payment solutions, TerraPay, a leading global payments infrastructure group today announced its partnership with NPCI International Payments Limited (NIPL), the International arm of the National Payments Corporation of India (NPCI).
In November last year, the NPCI approved increasing the user cap for WhatsApp's payment service from the current 20 million to 40 million users.
Through this campaign both NPCI and SBI will put in efforts to onboard more customers into YONO platform.
In June this year, WhatsApp had launched 'WhatsApp Pay' in Brazil - making it the first country where the service was widely rolled out.
NPCI decision to put a cap on the UPI market share of digital payment companies directly impacts UPI-only players such as Walmart's Phonepe, Google Pay and upcoming Whatsapp Pay. Interestingly, Paytm is the only major player which is still backing its wallet success and cards besides UPI.
