NPCI removes UPI user onboarding cap for WhatsApp Payments

Quick Summary:

The move is significant as it allows the platform to offer UPI service to its 500-million-strong user base in India.

As per NPCI’s directive from early 2021, no single UPI app is permitted to hold more than 30% of the total UPI payments market share.

The platform has 500 million users in the country.

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Article Details

Author / Journalist: Trisha Medhi

Category: StartupsEconomyBusiness

Markets: India

Topics: Onboarding Npci India Policy Services Privacy Platform Whatsapp Base Users User

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-31 @ 11:44:14 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 226 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 24776956

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 16 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #44

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