ibusinesslines.com
ibusinesslines.com July 20, 2018


Whatsapp will soon allow its users to instantly transfer money via UPI

10 August 2017, 02:07 | Justin Tyler

Whatsapp will soon allow its users to instantly transfer money via UPI

WhatsApp Android beta versions add UPI payment options

Though the update does not include visible features and changes, the hidden preview about a future feature in WhatsApp tells about the UPI payment mode. We've seen the developers adding a lot of new features to the platform lately including GIF search and the ability to send any type of file between users. The site claims to have spotted a "glimpse" of the payment feature in a new update to WhatsApp's beta version. Users have to tap on agree and continue at the bottom of the page to accept the WhatsApp Payments Terms and Privacy Policy as well as the Bank's Terms and Privacy Policy.

Also, it is mentioned in the official WhatsApp Payments section for Android which is still in the hidden section.

According to a blog website WABetaInfo, Whatsapp is getting close to integrate bank-to-bank payments on its platform.

Earlier a PTI report had indicated that WhatsApp will likely get UPI integration before Facebook Messenger.

"As far as Whatsapp is concerned, discussions have commenced..." However, the final approval will have to come from RBI.


Earlier, The Ken had reported that WhatsApp was planning to launch mobile payments within the next six months.

With this payments feature, WhatsApp users can initiate direct bank to bank UPI transfers from the chat app itself. Facebook's Messenger already has a peer-to-peer payments and this was introduced in 2015, though this option is limited to the US. So, the transfer will be instantaneous because of UPI which works on IMPS protocol.

Next WhatsApp step, that should be available when all business services will be released for all users, will be payments. It is worth noting that WhatsApp has more than 200 million users in India.

Interestingly, India's leading mobile wallet app Paytm, just a few weeks ago announced its decision to introduce a messaging feature on its platform as WhatsApp is introducing payments feature.



Other News

Trending Now

National Football League reinstates Steelers receiver Bryant
Bryant has spent the early days of camp working out on an adjacent field away from his teammates during practice. Former Clemson WR Martavis Bryant may soon be back in good standing with the NFL .

Earnings On Deck For NVIDIA Corporation
As of quarter end Robeco Institutional Asset Management B.v. had disposed of 37,172 shares trimming its holdings by 16.7%. Sii Investments Inc increased Dow Chem Co (NYSE:DOW) stake by 7,819 shares to 27,172 valued at $1.55M in 2016Q4.

Balushi selected as referee for FIBA Asia Cup in Beirut
The 2017 FIBA Asia Cup will take place from 8 to 20 August 2017, a week earlier from the initial scheduled date, in Lebanon . South Korea lost their opening game against the host Lebanon while Kazakhstan was defeated by the new comers New Zealand .

USA stocks close lower after President Trump's remarks to North Korea
USA crude oil jumped 1% to $49.59/bbl after the week's crude inventory report showed a larger than expected draw. While both firms reported strong quarterly revenue gains, they were more cautious about growth prospects ahead.

AIADMK sacks Sasikala's nephew, Dhinakaran as deputy general secretary
According to sources, AIADMK leaders Palaniswai and OPS and likely to meet this week and finalise the merger plans. They are now headed to Delhi to attend the swearing-in ceremony of the new Vice President Venkaiah Naidu.

Tiny island of Guam finds itself in crosshairs
They would fly over southwestern Japan and land as close as 30 kilometres from Guam, the Korean Central News Agency reported. The military plans to move thousands of US Marines to Guam from Okinawa in southern Japan.

USA says aircraft to help Philippines fight pro-IS militants
But China, which claims virtually the entire South China Sea , is unlikely to allow the negotiations to move in that direction. He says they'll help the Philippines battle "an enemy that fights in a way that most people have never had to deal with".