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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The messaging giant is a minnow when it comes to payments. Relief from NPCI could be just the fillip it needs to finally take on leaders PhonePe and Google Pay.
On the last day of 2024, the National Payments Corporation of India gave a boost to WhatsApp’s payments business by removing the 100 million cap on the number of users that can be brought on board to make UPI payments through the messaging app.
The move is expected to intensify competition in the UPI market, dominated by Google Pay and PhonePe that collectively process over 85% of all UPI payments made in India. But, before that, WhatsApp would need to change its India play.
WhatsApp has, so far, failed to make a dent in its payments foray in India, the …
The loan aggregator keeps sending updates on WhatsApp even to users who haven’t applied for a loan. The company is exploiting a grey area in India’s telecom regulatory framework and WhatsApp’s policies.
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
