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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 Payments gets permission to double user base in India

WhatsApp has received the permission to expand its user base of payment service to 40 million in India. The Unified Payments Interface(UPI)-based payment service has been granted permission by National Payments Corporation of India (NPCI) to double its user base.

The NPCI has listed WhatsApp in the list of third party applications. However, it comes an asterisk which claims that the app is allowed a maximum registered user base of forty (40) million in UPI.


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According to the NPCI listing, WhatsApp will use ICICI Bank, Axis Bank, HDFC Bank and State Bank of India as the payment service provider (PSP) to provide UPI facility.

WhatsApp aims to compete with the likes of Google Pay and Phone Pe and it expects its 400 million strong user base to help achieve the 40 million target. WhatsApp Payments has been pioneered in India by the Meta-owned organisation. The company had to go through the new data-localisation rules implemented by the Indian government.

WhatsApp Payments allows users to setup UPI within the application and once it is setup, the user will be able to send money within a chat using a process that is almost as easy as sending an image on the instant messaging platform.

NPCI has listed a total of 21 third party applications on its website, which are allowed to make use of UPI technology. Other prominent names include, Google Pay, PhonePe, Amazon Pay, Bajaj Finserv Direct, Mi Pay, Just Dial, MakeMyTrip, Samsung Pay and more. Additionally, ten banking apps have also been listed as compatible with UPI.

According to a PTI report, Manesh Mahatme, the director of payments at WhatsApp India, said the company is looking forward to expanding its user base.

“Since our initial approval from NPCI, we have been working to deliver a simple, reliable, and secure experience for WhatsApp users that we hope will accelerate adoption of UPI for the ‘next five hundred million’ Indians,” Mahatme said.

“Over the next 6 months, we have planned significant investments in payments on WhatsApp- across India – including many more ‘India-first’ features – that we are sure will accelerate our growth,” he added.

The post WhatsApp Payments gets permission to double user base in India appeared first on BGR India.



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