BANGALORE: Uber and Amazon will be the latest global players to adopt the unified payment interface (UPI), with the global cab-booking company expected to go live this month through integration with the BHIM app, according to the National Payment Corporation of India.
NPCI is also set to launch multi-bank UPI partnerships for global players such as Google and WhatsApp soon.
Uber will launch UPI in a few weeks wherein it will offer UPI through BHIM, says NPCI CEO AP Hota. “Since about 60 percent of these cabs drivers still get paid in cash by customers, UPI payments will help Uber’s drivers make their payments to Uber using UPI,” Hota told ET on the sidelines of a conference in Bengaluru. Uber’s main rival in the Indian market, Ola had integrated UPI in April this year.
Amazon is also discussing the launch of UPI with a few banks. Hota said the global e-commerce company will not be developing its own app but will use a pay button for UPI on its portal. The testing process is still going on, he said.
Google is also set to launch UPI payments in the next two to three months, with the testing for the integration almost completed. The NPCI has written to the RBI last week for approval, Hota said. “RBI will look at security aspects before giving approval. We expect Google to launch UPI within the next 2-3 months,” he added.
“Google is developing a separate India-focussed app, which it will name differently, in integration with a bank,” Hota said. ET had reported in May that Google was testing UPI on its platform.
An Uber spokesperson said the company was “currently evaluating the possibilities around a comprehensive UPI integration and continuing to engage with the relevant stakeholders. “As a first step, we will look at offering our riders the option to use their existing UPI IDs to pay for their Uber rides,” the company said.
Google said the company was “looking for ways to make it easy for people to pay with their mobile devices, such as Android Pay”.
Amazon did not respond to specific queries sent by ET until the time of publication of this report.
Hota said NPCI will introduce multi-bank utility for UPI for the first time with the entry of these global giants. So far, private players have been partnering with single banks to offer UPI payments.”There are big players and such large volumes going through one bank will not be good. Multi-bank will drive competition between banks as well,” Hota said.
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Source: Gadgets Now