Analysis of News relating to the Digital Money Ecosystem

WhatsApp's Integration of UPI-Based Payments Has Strategic Consequences for India's Digital Economy - The Wire

09/08/2017 Link to source

WhatsApp's Integration of UPI-Based Payments Has Strategic Consequences for India's Digital Economy WhatsApp has two options before it: in the manner of a PayTM, WhatsApp could fashion itself a digital wallet and link it to UPI addresses. But given this would necessitate an RBI license and would be a rather minimal use of the UPI interface, WhatsApp ... and more »

Context

	India The Republic of India is a country in South Asia. It is the seventh-largest country by area and the second-most populous country.
	Reserve Bank of India (RBI) Reserve Bank of India is the Central Bank responsible for the monetary stability in India.
	LINK UK's cash machine network#/sage/Payment_LINK# LINK is the UK's cash machine network. Virtually every cash machine in the UK is connected to LINK,which provides the only route through which debit card and ATM card issuers can offer nationwide access to cash.
	paytm Mobile Solutions Private Limited (paytm) Paytm was incubated by One97 Communications Ltd to offer a simple, fast and enjoyable experience for online recharges and payments.
	Digital Wallets The Digital Wallet domain has been described by Shift Thought™ as a means of understanding the whole range of stored value products including the provision of e-money, mobile wallets and e-wallets.
	paytm Mobile Solutions Private Limited (paytm) Paytm was incubated by One97 Communications Ltd to offer a simple, fast and enjoyable experience for online recharges and payments.
	LINK LINK is the UK's cash machine network. Virtually every cash machine in the UK is connected to LINK,which provides the only route through which debit card and ATM card issuers can offer nationwide access to cash.
	WhatsApp WhatsApp Inc. is an early stage technology startup founded in the heart of Silicon Valley. What does the name mean you ask? Well, WhatsApp is a "pun" on What's Up. WhatsApp Messenger is a cross-platform mobile messaging app which allows you to exchan
	Paytm Cash Wallet One97's digital payments company Paytm launched its semi closed mobile wallet Paytm Cash Wallet in January 2014 as part of its vision to build a digital goods marketplace.
	Paytm Payments Paytm is India's largest digital goods marketplace run by One97. Paytm Payments claim to integrate seamlessly into merchant's existing systems. It provides the flexibility to customize based on needs.
	paytm App The paytm service leverages the newly established IMPS for making instant payments. They offer mobile recharge, DTH payments, bill payments, toll card recharges, landline, bus tickets and more through convenient online methods.
	United Payments Interface (UPI) The Unified Payment Interface (UPI) is an improved version of IMPS that allows payments to be initiated by the payer or payee using a mobile phone.
	Digital Wallet The Digital Wallet topic discusses the use of an account and stored value or e-money across multiple channels and services. This includes prepaid cards, vouchers and mobile wallets.
	Economy and Economic Outlook As market development and business development activities involve a good understanding of the market conditions in each country, this topic on Economy pulls together knowledge related to Economic Outlook.
	Payments The Payments Topic includes knowledge related to a variety of services such as mobile payments, online payments, bill payments and more.
	WhatsApp WhatsApp Inc. is an early stage technology startup founded in the heart of Silicon Valley. What does the name mean you ask? Well, WhatsApp is a "pun" on What's Up. WhatsApp Messenger is a cross-platform mobile messaging app which allows you to exchan
	Digital Money in India 2014 India, the second-most populous country in the world has ambitious plans for financial inclusion, putting in place infrastructure to spread low cost mobile financial services throughout the country.
	Paytm One97 Payment Services Paytm is India's largest digital goods marketplace run by One97. Paytm Payments claim to integrate seamlessly into merchant's existing systems. It provides the flexibility to customize based on needs.
	Paytm Payments Paytm is India's largest digital goods marketplace run by One97. Paytm Payments claim to integrate seamlessly into merchant's existing systems. It provides the flexibility to customize based on needs.
	United Payments Interface (UPI) The Unified Payment Interface (UPI) is an improved version of IMPS that allows payments to be initiated by the payer or payee using a mobile phone.
	Mobile money in India A concise look at mobile financial services in India.

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