Скачать или смотреть Tata Group to launch UPI payment app l Tata UPI App l Tata UPI Latest News l 2022

Tata Group to launch UPI payment app l Tata UPI App l Tata UPI Latest News l 2022

PhonePe, Google Pay, WhatsApp Pay, Amazon Pay and Paytm are some of the biggest and most popular UPI-based service providers in India right now. But soon, they are likely to face stiff competition from a UPI-based app from the Tata Group. According to a report by The Economic Times, the Tata Group is seeking clearance from the National Payments Corporation of India (NCPI) to offer its own United Payments Interface (UPI)-based digital payments service in the country. The report citing sources said that the Tata Group has applied to the NPCI to operate as Third-Party Application Providers (TPAP) and that it is planning to launch the service as soon as next month. Norms dictate that the non-banking payments platforms such as Amazon Pay, WhatsApp Pay and Google Pay have to partner with banks in order to offer their own UPI-based payments platforms in India. Companies usually prefer having multiple partners so that when the strain on their network increases, the payments can be distributed throughout the partner companies.

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