NPCI allays Paytm's fears, says WhatsApp Pay still an experiment

NPCI, however, stays silent on the key issue of two-factor authentication; sources, however, claim that WhatsApp will play by rules

In an effort to cool flying tempers in the Indian fintech world over the proposed entry of WhatsApp in the digital payments space, the National Payments Corporation of India (NPCI) has said that WhatsApp Pay was still in testing stage and the final product would follow set guidelines.

Waging an all-out war against WhatsApp Pay, mobile wallet major Paytm’s founder Vijay Shekhar Sharma has alleged that Facebook, which owns WhatsApp, was killing the “open UPI system with its custom close garden implementation”. 

Sharma had said that the chat major was not following the mandatory two-factor authentication process to make online