In order to push digital payments in India, global companies like Amazon, Google, Facebook and Uber are looking to implement Unified Payment Interface (UPI) on their platforms.
Google, Facebook and WhatsApp in talks to launch UPI services
US technology giant Google has completed the testing of its Unified Payments Interface (UPI) payment service and is awaiting RBI approval to roll out its service in the country, the National Payments Corporation of India (NPCI) CEO AP Hota disclosed on Monday.
He also said that Facebook and WhatsApp to are in discussion with NPCI regarding the launch of their UPI payment services in the country. NPCI is the umbrella organisation for all retail payments system in India.
Hota Told Journalists that “WhatsApp, Facebook and Google are on the way, they are on the job, and the discussions are on. Very soon these three will also get operational”.
“Quite likely Google would come first because their testing is more or less complete. We have written to RBI seeking its approval just two or three days back” he added
Not only Google and Whatsapp are trying but also the Uber is also looking to implement Unified Payment Interface on their platforms.
An Uber spokesperson told the publication that the company will provide an option to use existing UPI IDs to pay for Uber rides. Amazon is also looking to integrate UPI with collaboration with few banks in India. Hota further adds that the e-commerce giant will not develop its own app, but will instead use a pay button for UPI on its portal.
WhatsApp and Facebook are also looking to launch UPI-based payments in the country, but they are still in discussion phase, Hota added