The National Payments Corporation of India (NPCI) today has accorded its consent to roll out WhatsApp BHIM UPI beta launch with limited user base of one million and low per transaction limit. Also Read - Independence Day 2022: 5G phone shipment will continue to gain momentum across price tiers
Four banks will join the multi-bank BHIM UPI model in the coming weeks and full feature product shall be released after the beta test is successful, NPCI said in a release. Also Read - WhatsApp will soon let you use Facebook Avatars as your profile picture
Set up in 2009 as the central infrastructure for various retail payment systems in the country and envisaged by the Reserve Bank of India as a payment utility, NPCI has been working to facilitate digital payments in the country with globally recognised products like Bharat Interface for Money BHIM-Unified Payments Interface (BHIM UPI). Also Read - Facebook sees massive drop in teen usage in last seven years: Report
“We follow well-defined guidelines for BHIM UPI services with the objective of making our platforms interoperable and based on open standards, convenient and secure, offering multiple choices to consumers for rapid adoption for digital payments through banks and payment ecosystem players,” the statement said.
This is published unedited from the PTI feed.