Whatsapp Pay, cap on UPI double whammy for payment firmsnigam3 min read . Updated: 06 Nov 2020, 08:01 PM IST
- WhatsApp’s entry, the share of each payments firm is expected to reduce further, owing to the reach and scale of the app
- Two executives at payment firms said the market cap can give a certain edge to WhatsApp, which is the ‘default’ messaging app, for more than 400 million Indians
BENGALURU : India’s digital payments firms are facing a double whammy with the launch of Whatsapp Pay and the capping of market share on Unified Payments Interface (UPI).
Select your Category