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BHIM UPI goes international by doing a demo transactions at Singapore FinTech festival

BHIM UPI goes international by doing a demo transactions at Singapore FinTech festival

Until now, users with BHIM UPI app were able to make payments using QA code only in India. But as per the report, BHIM UPI payments can be done from Singapore also. A live demo transaction was made using BHIM UPI QA based payment in Singapore on Wednesday at the FinTech festival. This is the first instance of international transaction by BHIM UPI. BHIM UPI will continue these demo transactions during the FinTech festival which will take place from 11th…

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WhatsApp cannot start UPI powered payments business in India: Reserve bank of India tells Supreme Court

WhatsApp cannot start UPI powered payments business in India: Reserve bank of India tells Supreme Court

WhatsApp has been, since long, facing a battle of Israeli spyware (Pegasus) controversy over granting access to a few select individuals phone through malware which enters a users phone through video calls. Meanwhile Reserve bank of India too had a sour news for WhatsApp saying that WhatsApp cannot start payment business. Reserve bank of India has told Supreme Court that the messaging platform is not compliant with data localization norms and National Payments Corporation of India(NPCI) has been directed to…

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