Hike, Yes Bank tie up for UPI payments

Hike will offer payment facilities to its 10 crore users through the Unified Payments Interface by partnering with Yes Bank. According to Hike CEO Kavin Bharti Mittal, the partnership will make Hike Messenger the largest UPI-based platform in India. “It will empower over 10 crore of our users to transact seamlessly on the revolutionary UPI platform, which was launched by National Payments Corporation of India to accelerate the adoption of digital payments in the country ,“ he said.

The partners have claimed that this is the first time in India that a large mobile chat platform has embedded a payments solution in its app. “This development will revolutionise the way P2P and P2M payments are done within the chat platform, including mobile top-ups, among others,“ a statement said.

Earlier, Swedish communication company Truecaller partnered ICICI Bank to offer UPI payments service. Facebook's WhatsApp too has shown interest in participating in the payments market in India.

No comments: