Wed. Jun 19th, 2024

WhatsApp, has been developing a peer-to-peer (P2P) payment service for India WhatsApp, has been developing a peer-to-peer (P2P) payment service for India that whatpps will introduce p2p severice in December In 2017 febuary , global messaging app announced that it had crossed 200 million monthly active users in India and and 1.2 billion active user in the world “India is an important country for WhatsApp, and we’re understanding how we can contribute more to the vision of Digital India. We’re exploring how we might work with companies that share this vision and continuing to listen closely to feedback from our users,” WhatsApp told TechCrunch in month of febuary after crosss 200 active million user.   As media reports, the feature is now in its final stages and WhatsApp employees are testing it out. WhatsApp will lauched beta program in November. The feature payment features integrated directly into the chat app, which means users make payments without leaving the chat interface just like sharing a contact or location on the instant messenger. according media a rupee sign symbol will pop up alongside buttons that allow users to share a location or a contact when a user clicks on the chat window The user can either send or request money by clicking the rupee button. just like google tej apps whatppp will allow user to get input how much money they want to send or accept before sending or accepting money will comform theire number after   the receiver will get a notification, similar to the one when you receive a contact. There is an option to accept or reject the request.   According to the report, WhatsApp has partnered with three of India’s biggest banks – State Bank of India, ICICI Bank and HDFC Bank, to launch the likely to be powered by the Unified Payments Interface (UPI) says a news report. UPI is basically a one-touch transaction for transferring money between any two parties (merchants, friends, delivery boys among others) MPIN (mobile PIN) ensures transaction within seconds. In August 2016, then RBI Governor Raghuram Rajan had unveiled the UPI. The app was launched to help simplify peer-to-peer transactions. UPI was adopted by 29 banks, 15 of which already have incorporated the app in their mobile-banking system. ICICI Bank, Axis Bank and a few others were among the notable financial institutions to integrate UPI.   In September month, Google launched Tez, a free mobile wallet in India that will let users link up their phones to their bank accounts to pay for goods securely in physical stores and online, and for person-to-person money transfers with a new nothing new whatpps , like another new service from Google’s Tez,]]>

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