Question
Recently National Payment Corporation of India (NPCI)
granted permission to launch a payment app by:Solution
Ans- A, NPCI has given its consent to roll out WhatsApp BHIM UPI beta launch. It is a payment app by whatsapp. But with a limited user base of 1 million and low per-transaction limit. Full feature product will be released once the beta test is successful. It will work on multi-bank model. Four banks will join the multi-bank BHIM UPI model in phases. It helps distribution of transaction load and integrate popular apps easily.
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