Google, Facebook, Uber and WhatsApp are in contact with the National Payments Corporation of India (NPCI) to enable Unified Payments Interface (UPI) on their respective structures. Facebook's WhatsApp is likewise keen to introduce peer-to-peer payments in India, the National Payments Corporation of India (NPCI) CEO AP Hota disclosed on Monday.
Digital payments in India are set to get a huge raise with international corporations which include Google, Facebook, Uber and WhatsApp.
Google is in superior talks with NPCI to integrate Android Pay with UPI, and trying out is already entire, if you pass by using NPCI’s ultra-modern comment. According to a PTI report, Google is awaiting Reserve Bank of India’s approval to release its service within the United States. The file is quoting NPCI’s CEO for this.
WhatsApp may get UPI integration earlier than Facebook in case you move by the modern-day report. Facebook will in all likelihood combine the feature in Facebook Messenger.
“Google, Facebook and Whatsapp are very big gamers.Technically it is feasible, but RBI might ought to take a holistic appearance.. They may should appearance whether there are any risks other than the technology factor,” he brought.
Expressing disappointment over Indian banks now not displaying hobby toward the opportunity gift before them, Hota said, "If our banks carry all their would possibly, there's no need for such players, however our banks do not take interest.