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China's Tencent to launch UPI-enabled payments app WeChat Pay in India: report

Updated : March 25, 2019 09:46 AM IST

Tencent, which will operate only under the UPI ecosystem, has already partnered with Axis Bank, HDFC Bank and ICICI Bank to have it's own UPI handle (@wechat), adding that the app would be launched by the end of May-June.
Senior officials from the company met officials from the National Payment Corporation of India (NPCI) three weeks ago for obtaining a license for full-fledged payments app, the report said.
China's Tencent to launch UPI-enabled payments app WeChat Pay in India: report

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