Google readies its UPI payment before Whatsapp

Technology giant Google has completed the testing of its Unified Payments Interface payment service

Digital payments in India are going to get a boost as the global companies like Google, Facebook, Uber, and WhatsApp are planning to implement UPI on their respective platforms. So that, if these organisations come to us for approval, we will have to approve it, and not go to RBI. The company has completed its discussions with NPCI, which has in turn requested the Reserve Bank of India to consider Google's application, Hota said. On Monday, the National Payments Corporation of India CEO AP Hota has disclosed. In the next phase, it will have a wallet integrated into the Uber app. Ola, Uber's local rival, has already integrated UPI into Ola Money, its mobile wallet to pay drivers. According to a PTI report, Google is awaiting Reserve Bank of India's approval to launch its service in the country. Officials have added that Android Pay will be launched as an app, along with the integrated UPI feature.

"We are always looking for ways to make it easy for people to pay with their mobile devices, for instance Android Pay in some countries, and continually evaluating ways to expand those capabilities to the next billion users", said a Google spokesperson.

Facebook and WhatsApp have a huge customer base in India. He also added that the debates are the preliminary stage for Facebook. The same month, Facebook announced that the company will enable peer-to-peer payments through Facebook Messenger. WhatsApp can now enter into a partnership with multiple banks which will allow users to transfer money instantly using the messaging app.

"As a technology-driven company, we applaud the potential and impact that fin-tech innovations like UPI can make".

Facebook and WhatsApp are the large players.... "They will have to look whether there are any risks other than the technical aspect", says, A P Hota.

Amazon is discussing the launch of UPI with a few banks. Technically it is available, but RBI would have to take a holistic look.

"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". The world's largest cross-platform instant messaging app, which has more than 200 million active users in India, is expected to launch its service later this year.



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