WhatsApp payment service goes live in India
4 years, 1 month ago

WhatsApp payment service goes live in India

The Hindu  

WhatsApp on Friday announced the roll out its payments services in India following approval from the National Payments Corporation of India after about over two years of waiting. However, not all users in India — one of the biggest markets for the U.S.-headquartered tech giant with over 400 million users — will be able to access the feature as NPCI has mandated the expansion of WhatsApp’s UPI user base “in a graded manner starting with a maximum registered user base of twenty million”. This secure payments experience makes transferring money just as easy as sending a message,” WhatsApp said in a blog post. WhatsApp sends instructions to banks, also known as payment service providers, that initiate the transfer of money via UPI between the sender and receiver bank accounts. People can send money on WhatsApp to anyone using a UPI supported app,” it said, adding for additional security, a personal UPI PIN will be required for each payment.

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