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UPI

19

WhatsApp Pay to start rolling out by the end of May in India

For more than two years, WhatsApp has been working towards its own payment platform in India, and it looks like these efforts will soon pay off. As Moneycontrol reports, the company plans to launch WhatsApp Pay in cooperation with four financial institutions by the end of May. The service will be based on India's government-supported digital payment platform UPI (Universal Payment Interface).

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18

Google Pay (Tez) for India gets a Material Design makeover to improve usability (Update: Broader availability) (APK Download)

The Indianized version of Google Pay has cornered the largest chunk of India’s UPI market, piggybacking the username-based P2P payment system. Launched as Tez, Google rebranded the app to Pay following the global consolidation of its payment solutions, though the app retained its distinct functionality that contrasts with its stateside counterpart. About two years into its existence, the app is now getting a design change under Google’s refreshed material guidelines, tidying up some of its UI elements.

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66

Google offers advice to Federal Reserve following banking reform success in India

During the development and release of Tez (now rebranded as Google Pay) in India, Google worked closely with the National Payments Corporation of India to integrate Tez with UPI (Unified Payments Interface) —  a system for instant interbank transfers. Since then, UPI has seen broad success. Now the US Federal Reserve is considering implementing a similar program, and Google is champing at the bit to offer its input.

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6

The Play Store now supports UPI as a payment method in India

UPI is the leading digital payment platform in India, which lets users make transfers directly from one bank account to another. It's already used for more than 900 million transactions a month, such as utility bill payments, mobile recharges, in-store purchases, and more. From now on, Indian users will also be able to buy content from the Play Store using the payment solution.

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16

WhatsApp could be ready to launch digital payments in India next month

Thanks to a government-backed platform called UPI (Unified Payment Interface), developers are able to more easily integrate digital payments for India into their apps. Google's Tez uses UPI for bill payments, and social app Truecaller added the functionality in a recent update. The country's most used messaging app shouldn't be too far behind as Facebook-owned WhatsApp could be ready to offer a payment solution based on UPI as early as next month.

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