The company on Friday announced that the feature are going to be available in India starting today.
Technology News: WhatsApp Pay has finally gone live in India. the company on Friday announced that the feature are going to be available in India starting today. WhatsApp in its blog has mentioned that it wants to create money transferring as easy as sending messages on the app. India currently has many payment apps including Paytm, PhonePe, Google Pay among others.
Announcing the new feature, WhatsApp said in a blog, “Starting today, people across India will be able to send money through WhatsApp. This secure payment experience makes transferring money just as easy as sending a message. People can safely send money to a family member or share the cost of goods from a distance without having to exchange cash in person or going to a local bank.
WhatsApp has partnered with five leading banks in India including ICICI Bank, HDFC Bank, Axis Bank, the state bank of India, and Jio Payments Bank. “To send money on WhatsApp in India, it’s necessary to have a bank account and debit card in India. WhatsApp sends instructions to banks, also known as payment service providers, that initiate the transfer of money via UPI between sender and receiver bank accounts,” WhatsApp said. People can even send money through WhatsApp to anyone who is using an app that supports UPI.
“In the long run, we believe the combination of WhatsApp and UPI’s unique architecture can help local organizations address some of the key challenges of our time, including increasing rural participation in the digital economy and delivering financial services to those who have never had access before,” WhatsApp blog reads.
In a bid to reinforce security and privacy on the app, WhatsApp will make users enter UPI Pin for each payment. The company has said that “payments is designed with a strong set of security and privacy principles”. WhatsApp Payments is out there for all iOS and Android users. To get the new feature, users are required to update their apps.
WhatsApp recently rolled out a brand new disappearing message feature for users across the world . Once you activate the disappearing messages on WhatsApp, new messages sent to a conversation will disappear after seven days. "We’re starting with seven days because we think it offers peace of mind that conversations aren’t permanent while remaining practical so you don’t forget what you were chatting about. The shopping list or store address you received a few days ago will be there while you need it, and then disappear after you don’t," WhatsApp said.
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