Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
WhatsApp gets NPCI nod for UPI payment tie-ups with banks; Google awaiting RBI okay
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit

WhatsApp gets NPCI nod for UPI payment tie-ups with banks; Google awaiting RBI okay

FP Staff • July 11, 2017, 13:29:51 IST
Whatsapp Facebook Twitter

Google has completed the testing of its UPI payment service

Advertisement
Subscribe Join Us
Choose
Firstpost on Google
Choose
Firstpost on Google
WhatsApp gets NPCI nod for UPI payment tie-ups with banks; Google awaiting RBI okay

Whatsapp has got permission from the National Payments Corporation of India to tie up with banks to facilitate financial transactions via Unified Payments Interface, according to a report in The Times of India. UPI, laucnhed by NPCI, is a mobile application that helps quick transfer of money through a mobile device round the clock. The customers can access multiple bank accounts through a single mobile application. NPCI MD and CEO AP Hota has confirmed the development to the newspaper. WhatsApp, which has plans to foray into payments business, has been in talks with banks such as Axis Bank, ICICI Bank and Punjab National Bank, the report said. [caption id=“attachment_3800105” align=“alignleft” width=“380”] ![A woman walks past a logo of Google at the Global Mobile Internet Conference (GMIC) 2015 in Beijing, China, April 28, 2015. REUTERS/Kim Kyung-Hoon - RTX1ALF0](https://images.firstpost.com/wp-content/uploads/2017/07/google1-reuters.jpg) Reuters[/caption] Google too completed the testing of its UPI payment service and is awaiting the Reserve Bank of India’s (RBI) approval to launch its service in the country. NPCI, which is the umbrella organisation for all retail payments system in India, also said Facebook is in discussion with it, regarding rolling out of their UPI payment services. “Very soon these three will also get operational,” Hota was quoted as saying in a PTI report. Officials told PTI Google could have a separate app with its Android Pay application. According to Hota, there are 50 banks who are members of UPI and out of them, 37 have developed their own UPI applications. “Some of the banks instead of applying, have asked their third-party service providers to develop the app and make their bank as the acquiring bank.. Truecaller, PhonePe, Chiller- there are sixteen such big fin-tech companies,” he added. Not wishing to give any timeline for the RBI approval to come, Hota said they will also have to look apart from technical things. “Google, Facebook and Whatsapp are very big players.. Technically it is feasible, but RBI would have to take a holistic look.. They will have to look whether there are any risks other than the technology thing,” he said. Expressing disappointment over Indian banks not showing interest towards the opportunity present before them, Hota said,“If our banks bring all their might, there is no need for such players, but our banks do not take interest.” Highlighting the nation’s target of achieving 25 billion digital payments transactions mark in FY18, Hota said last year, the volume of digital payments was 9.2 billion of which 3.5 billion had been contributed by NPCI, and this year, “we are aiming to contribute about 11 billion digital transactions.” Also admitting that the growth has come down and plateaued, he said, “Unless it is picked up it will be difficult and digital payments needs to be propagated very strongly. With PTI inputs

Tags
NPCI AP Hota cashless economy digital payments UPI via WhatsApp UPI on facebook UPI on Google
  • Home
  • Business
  • WhatsApp gets NPCI nod for UPI payment tie-ups with banks; Google awaiting RBI okay
End of Article
Latest News
Find us on YouTube
Subscribe
  • Home
  • Business
  • WhatsApp gets NPCI nod for UPI payment tie-ups with banks; Google awaiting RBI okay
End of Article

Impact Shorts

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai Ranks #1 in Challan Checks: ACKO Insights for Smarter Car and Two Wheeler Insurance Decisions

Chennai leads India in challan checks, with drivers checking their e-challans over 5 times a month on average. Helmet non-compliance is the most broken rule, accounting for 34.8% of all traffic offences in Chennai. Regular digital challan checks help drivers avoid hefty fines, promote safe driving, and improve insurance premiums.

More Impact Shorts

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Enjoying the news?

Get the latest stories delivered straight to your inbox.

Subscribe
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV