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National Payment Council of India (NPCI) Allowed WhatsApp for its payment service in India.
NPCI allowed WhatsApp for a beta test with limited users and low transaction limit. as per sources the beta test that allowed has a limit of one million users in India and the transaction limit is not confirmed yet.
WhatsApp's payment service will be a tough rival for payment services like Paytm in India. recently the founder of Paytm Mr. Vijay Sharma said that the WhatsApp's payment service is not safe and can make the transactions and payment process vulnerable. according to Sharma WhatsApp's payment service is threat according to security reasons.
"Currently, NPCI has given its consent to roll out WhatsApp BHIM UPI beta launch with a limited user base of one million and low per transaction limit. Four banks will join the multi-bank BHIM UPI model in phases (in the coming weeks) and full feature product shall be released after the beta test is successful," NPCI said in a statement.
Stay connected, Stay Techy
-TOsTech Team
NPCI allowed WhatsApp for a beta test with limited users and low transaction limit. as per sources the beta test that allowed has a limit of one million users in India and the transaction limit is not confirmed yet.
"Currently, NPCI has given its consent to roll out WhatsApp BHIM UPI beta launch with a limited user base of one million and low per transaction limit. Four banks will join the multi-bank BHIM UPI model in phases (in the coming weeks) and full feature product shall be released after the beta test is successful," NPCI said in a statement.
Stay connected, Stay Techy
-TOsTech Team
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