Snapdeal has partnered with NPCI to let buyers make QR-based digital payments at the time of delivery of orders. The aim is to make the first-time buyers, who are uneasy with pre-paying, comfortable to make a purchase. The customer will be offered the “QR-code payment option” at their doorstep as part of the delivery process. The facility will work with all UPI-payment options — Google Pay, Whatsapp Pay, PhonePe, Paytm and UPI apps etc.
The NPCI has given formal approval to WhatsApp to ‘Go Live’ on UPI in a phased manner. The Facebook-owned instant messaging platform has been testing digital payments for two years but couldn’t launch the service following privacy concerns. NPCI gave permission to WhatsApp in the multi-bank model after the data localisation requirements were met. WhatsApp can now start UPI with a maximum registered user base of 20 mn.
Google and Walmart, payment apps will have to face a regulatory challenge in India, as they won’t be permitted to grow beyond a limit from Jan 2021. NPCI said that it will enforce a cap to ensure that no single payments app processes over 30% of UPI transactions in a month. Both Google and Walmart, each, process over 35% of UPI transactions each. The move, as per NPCI, is intended to “protecting the UPI ecosystem as it further scales up.”