WhatsApp Payments may launch in India around September
5 years, 8 months ago

WhatsApp Payments may launch in India around September

India Today  

WhatsApp introduced its Unified Payments Interface -based money transferring platform - WhatsApp Payments - with a limited user base of about 1 million users last February. However, things have started clearing out and now a new report suggests that the company could fully launch WhatsApp Payments in India around September this year. "WhatsApp may have started working on creating provisions to store payments data within the country, but to finish the third-party audit and to comply with all technical requirements, it will easily take time till August or September," one of the bankers said in a statement to the publication. As of now, WhatsApp offers WhatsApp payments to a limited number of users in India in partnership with several banks including the ICICI Bank, Axis Bank, HDFC Bank, and the State Bank o India. Earlier this month, reports suggests that the company had agreed to comply with the norms prescribed by the Reserve Bank of India regarding the storage of payments related data within the country.

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