Day after the Unified Payments Interface (UPI) on WhatsApp was spotted in the Google Play Beta Programme, a top WhatsApp executive says the mobile messaging app is excited about the government’s digitisation drive and the future projects in the country.
Without delving into the details about when the instant money transfer gateway would finally be introduced in India which has over 200 million WhatsApp monthly active users (MAUs), Alan Kao, Software Engineer at Facebook-owned platform, told IANS: “We are very excited about the digitisation of India and the projects in the future”.
Launched by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank of India (RBI), UPI facilitates the instant fund transfer between two bank accounts on the mobile platform.
WhatsApp has been in the news for working towards a UPI-based interface in its platform. According to media reports, the leading messaging platform is already in talks with the NPCI and a few banks to facilitate financial transactions via UPI.
By Baishakhi Dutta
