The National Payments Corporation of India (NPCI) has finally allowed Facebook-owned messaging platform “WhatsApp” to roll out its payments service in the country in a “graded” manner. The announcement by NPCI came after the organisation made a crucial change to its regulations concerning the use of the Unified Payments Interface (UPI). The change puts a limit on single third parties such as WhatsApp or its rivals Google Pay and Walmart’s PhonePe where they can only handle 30 per cent of overall UPI transaction volumes.
WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class
The NPCI runs the Unified Payments Interface (UPI) used for real-time payments between peers or at merchants’ end while making purchases. The UPI channel has rapidly grown to become India’s most favoured mode of digital transactions since its launch in terms of volumes.
Important takeaways for all competitive exams:
Motherhood is not just about caring for children - it is also about strength, courage…
International Olympic Committee (IOC) has lifted its restrictions on Belarusian athletes ahead of the Los…
Sanjay Seth will inaugurate India’s first International Ophthalmology Research Conference in New Delhi on May…
Mother's Day is a special day celebrated around the world to honour mothers and their…
Indore will host the BRICS Agriculture Ministers’ Meeting in June 2026 under India’s BRICS Presidency.…
S&P Global has reduced India’s GDP growth forecast for FY27 to 6.6%, lowering it by…