India Whatsapp Payment 2020: How to use Whatsapp Pay 2020 in India & latest updates

By | May 6, 2020

India Whatsapp Payment 2020: How to use Whatsapp Pay 2020 in India & latest updates:

Whatsup launched Whatsapp payment in India!!!

whatsapp payment india 2020

The most expected news is when Whatsapp going to launch Whatsapp payments in India?  Now WhatsApp has been working towards its own payment platform in India, and it looks like these efforts will soon pay off. As Moneycontrol reports, the company plans to launch WhatsApp Pay in cooperation with four financial institutions by the end of May.

WhatsApp Payments is a peer-to-peer money transfer feature that is currently only available in India. WhatsApp has received permission from the National Payments Corporation of India (NPCI) to enter into partnership with multiple banks in July 2017to allow users to make in-app payments and money transfers using the Unified Payments Interface (UPI).

UPI enables account-to-account transfers from a mobile app without having any details of the beneficiary’s bank.This feature is being pilot tested with over a million users since April 2019, however there has not been any update on the final roll out.

The service will be based on India’s government-supported digital payment platform UPI (Universal Payment Interface).

On February 28, 2019, The New York Times reported that Facebook was “hoping to succeed where Bitcoin failed” by developing an in-house cryptocurrency that would be incorporated into WhatsApp. The project reportedly involves over 50 engineers under the direction of former PayPal president David Marcus. This ‘Facebook coin’ will reportedly be a stablecoin pegged to the value of a basket of different foreign currencies.

WhatsApp Messenger, or simply WhatsApp, is an American freeware, cross-platform messaging and Voice over IP (VoIP) service owned by Facebook, Inc.It allows users to send text messages and voice messages,make voice and video calls, and share images, documents, user locations, and other media.WhatsApp’s client application runs on mobile devices but is also accessible from desktop computers, as long as the user’s mobile device remains connected to the Internet while they use the desktop app.

The service requires users to provide a standard cellular mobile number for registering with the service.In January 2018, WhatsApp released a standalone business app targeted at small business owners, called WhatsApp Business, to allow companies to communicate with customers who use the standard WhatsApp client.

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One thought on “India Whatsapp Payment 2020: How to use Whatsapp Pay 2020 in India & latest updates

  1. Muhammad Muizzuddin

    unabke to get payment feature in whatsapp even after installing latest beta version

    Reply

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