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National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments in India has given its consent to ___________ launch with limited user base of 1 million and low per transaction limit?
  • a)
    Facebook’s payment service
  • b)
    Twitter’s payment service
  • c)
    WhatsApp’s payment service
  • d)
    Hike’s payment service
  • e)
    Line’s payment service
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
National Payments Corporation of India (NPCI), the umbrella organisati...
National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments in India has given its consent to WhatsApp BHIM UPI beta launch with limited user base of 1 million and low per transaction limit. WhatsApp’s payment service with full-fledged features will be launched in India after the beta test of the service is successful. Whatsapp had received approval to use Unified Payments Interface (UPI), after a meeting between WhatsApp co-founder Brian Acton and Union Minister of Electronics and Information Technology Ravi Shankar Prasad in February 2017. UPI (launched by Indian Government) is a single-window mobile payment system that powers multiple bank accounts into a single mobile application. Whatsapp has been working with top Indian Banks such as State Bank of India, HDFC Bank, ICICI Bank and Axis Bank to integrate UPI into its payments solution.
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National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments in India has given its consent to ___________ launch with limited user base of 1 million and low per transaction limit?a)Facebook’s payment serviceb)Twitter’s payment servicec)WhatsApp’s payment serviced)Hike’s payment servicee)Line’s payment serviceCorrect answer is option 'C'. Can you explain this answer?
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