The rise of
online payments in India is imminent and engaging as the local
government is pushing forward new digital billing alternatives for merchants and
shoppers to get accustomed to. Facilities such as microtransactions, lending and mobile wallet are solicited as they tend to take control
of the e-commerce industry.
Amid the
avail of cashless payment methods, one communication platform, generated by the
international Meta Groupe, wants to create its very own payment provider using
your mobile phone. Indeed, WhatsApp’s line of vision is to operate their
new billing system ‘’without a cap’’.
What is a
CAP?
A converged
application platform, also referred to as CAP is a structured data keeping
system which links all services on several networks and compacts them all in
one automated computing service. In other words, WhatsApp’s escalating request
for a no-CAP operating infrastructure would imply that the funding, billing and
other e-payment activities could be carried out casually between
customers as long as they were in possession of one another’s contact details.
Unfortunately,
the feedbacks from the National Payment Corporation of
India (NPCI)
were not in favor of this demand. Henceforth, it was after years of trial and
errors, attempting at meeting the Indian e-finance policies and regulations
that the NPCI gave the green light for WhatsApp to launch their project in
2020!
 |
WhatsApp, a
mediator for communication worldwide will now facilitate e-commerce offshores
too |
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