VARINDIA IT MAGAZINE

Google has launched its Tez person-to-person payments app last year and now it is adding a chat feature to it. As per latest reports, the feature is being rolled out and lets users send messages related to each transaction. The feature will apparently be helpful for tracking the context of payments and so on. It may be yet another messaging solution from Google, and comes at a time when WhatsApp has just launched its own in-app payments system for India. The WhatsApp payment system is seen to have a big potential and be a huge deal since the messaging service has over 200 million Indian users, representing the majority of smartphone owners in the country. Paytm, India's largest mobile payments company, also has more than 200 million users, and added a similar chat option late last year..... Read More

Prime Minister Narendra Modi’s recently launched BHIM app, a digital payments solution app based on the Unified Payments Interface (UPI) has become a success and attracted 145 million UPI transactions in December 2017, according to NPCI. Talking about the app, BHIM is based on Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI). If a user has signed up for UPI based payments on their respective bank account, which is also linked to his/ her mobile number, then he/ she will be able to use the BHIM app to conduct digital transactions.  According to the report, since its launch the transactions are increasing rapidly as more e-commerce players and banks are rolling out their UPI interface.... Read More