WhatsApp has announced the launch of a payment service
National Payment Corporation of India (NPCI) has allowed WhatsApp to launch UPI (Unified Payment Interface) Best Payment System.
The instant messaging platform had been testing the payment method for two years, but the talk was stalled due to privacy concerns. Discussions were constantly going on from Facebook to launch WhatsApp Pay to the Government of India. However, it has now been approved. A press release was released on Thursday by the National Payments Corporation of India. "Go Live has been approved for the WhatsApp payment system," it said. WhatsApp owner Mark Zuckerberg said in a statement that users will not be charged for using the payment service. WhatsApp's payment model has been allowed to go live in phases, according to the payment model, which has been allowed to go live phase-wise. That is, it can be made live in different phases. Initially the company has got approval for 20 million (2 crore) UPL user base, but later its area will be increased in graded manor.
This is how the feature will work. WhatsApp Payment will be available in
ten regional languages in India. If your WhatsApp app already has a
payment option, you can use it now. Otherwise you can check the payment
option by updating WhatsApp. To use WhatsApp Payments, customers need
to have a debit card that supports UPI. By going to WhatsApp Payment
option, you can select the bank and activate it by filling in the
details. Nutu Kata Only * * 350 o WhatsApp has said in its statement,
from today, WhatsApp users in the country will be able to pay with this
app. WhatsApp has teamed up with the National Payment Corporation of
India to develop the UPI Best Payment Interface, which also focuses on
data localization. WhatsApp has contracted with five major banks for
payment services. These include ICICI Bank, HDFC Bank, Axis Bank, SBI
211 Jlo Payments Bank. Notably that. Money can be sent from WhatsApp
not only to WhatsApp but from any UPI supported app from WhatsApp. This
means that even if someone is not using WhatsApp payments, you will be
able to make payments through WhatsApp.
Paytm founder Vijay Shekhar Sharma has been consistently opposed to WhatsApp. He says the service is not secure for the user and there is a risk of fraud. India is the largest market for WhatsApp. WhatsApp has a total of over 400 million active users in India.