Business Standard

Google seeks RBI approval for entry into India's digital payments space

Facebook, WhatsApp among two other tech giants looking to integrate India's UPI into their services

Google
Premium

.

Alnoor Peermohamed Bengaluru
Google has sought the Reserve Bank of India (RBI)’s approval to integrate the government-promoted Unified Payments Interface (UPI) with its Android Pay application, marking its entry into India’s fast-growing digital payments space.

“Google’s testing is almost complete and the NPCI is waiting for RBI approval,” said A P Hota, managing director a of the National Payments Corporation of India (NPCI). “Let me not give any timeline because the RBI would like to take their own time for things like this.”

In India, nine of 10 smartphones sold run on Google’s Android operating system, giving the company access to hundreds of millions of

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in