Social messaging app Whatsap has got initial permission to do Bhim UP-based transactions.
Now Whatsapp will be able to launch a beta version of the UPI. Indian National Payment Corporation (NPCI) issued a statement on Friday, issuing a statement.
It said that in the beginning, WhatSupay will allow 10 million consumers to use this feature. Initial permission from Indian National Payment Corporation
However, the limit for payment has been fixed. In the coming weeks, four banks will be joined by Bhima UPI model. Only after the success of the beta version, Whatsap will be able to start the full feature of Bhima UPi Payment.
NPCI said that multi-bank model has been adopted so that this popular app can work with Bhim UPi easily and share the burden of payment between banks.
10 lakh consumers will be allowed to use
Rivals such as PetyM of What's Pay Payment Service are protesting. Patyam's founder, Vijay Shekhar Sharma, has criticized the Facebook-owned company, Whatsapp, and alleged that it is getting an unfair advantage.
Now Whatsapp will be able to launch a beta version of the UPI. Indian National Payment Corporation (NPCI) issued a statement on Friday, issuing a statement.
It said that in the beginning, WhatSupay will allow 10 million consumers to use this feature. Initial permission from Indian National Payment Corporation
However, the limit for payment has been fixed. In the coming weeks, four banks will be joined by Bhima UPI model. Only after the success of the beta version, Whatsap will be able to start the full feature of Bhima UPi Payment.
NPCI said that multi-bank model has been adopted so that this popular app can work with Bhim UPi easily and share the burden of payment between banks.
10 lakh consumers will be allowed to use
Rivals such as PetyM of What's Pay Payment Service are protesting. Patyam's founder, Vijay Shekhar Sharma, has criticized the Facebook-owned company, Whatsapp, and alleged that it is getting an unfair advantage.
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