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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...
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WhatsApp Pay now available for 400 million Indian users: Check details

After two years of waiting, WhatsApp payment service has received approval from the National Payments Corporation of India (NPCI) to go live on Unified Payment Interface (UPI) with over 160 supported banks. WhatsApp can expand its UPI user base in a graded manner starting with a maximum registered user base of 20 million in UPI, NPCI said.

Over 400 million WhatsApp users in India can soon securely send money to friends and family, and payments feature is now available for iPhone and Android users who are on the latest version of the app.

“I am excited today that WhatsApp has been approved to launch payments across India. We’ve been working on this with the National Payments Corporation of India, who oversee everything to make sure it’s secure and reliable,” Facebook CEO Mark Zuckerberg said in a statement on Friday.

“And we’ve built it using India’s Unified Payments Interface, which makes it easy for anyone to instantly accept payments across different apps — and for companies to provide people with great services”. Payments is available now in 10 Indian regional language versions of WhatsApp.

whatsapp Features

“All you need is a debit card with a bank that supports UPI and you can set it up straight away. You can find it in the latest version of WhatsApp,” Zuckerberg said. WhatsApp began testing payments feature way back in 2018 in India but could not launch the feature owing to regulatory roadblocks and data compliance issues.

“We’re delighted to be working with five leading banks in India: ICICI Bank, HDFC Bank, Axis Bank, the State Bank of India, and Jio Payments Bank. People can send money on WhatsApp to anyone using a UPI supported app,” the company informed.

WhatsApp said the payments feature is designed with a strong set of security and privacy principles, including entering a personal UPI PIN for each payment. The move comes after NPCI in August had informed the Reserve Bank of India that WhatsApp had met data localisation requirements. Brazil became the first country to roll out WhatsApp payment service in June.

In India, the WhatsApp payment service will compete against other major players like Paytm, Google Pay and PhonePe, among others



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