whatsapp to launch p2p payments in india

Whatsapp becomes active hub for business owners. Thousands of businesses uses whatsapp to communicate with their clients. Whatsapp has more than 200 million active users in India, WhatsApp has a lot to gain by addressing the needs of its base in the country. Now, facebook-owned messaging app is planning to launch peer-to-peer(P2P) payment services into their chats within next six months.

Facebook said: “They will try to talk with the Indian government to enable support for the federally regulated Unified Payments Interface (UPI)” which helps to enable quick money transfers between users’ accounts across a large number of participating banks.

With all other chatting services, whatsapp is my personal favourite. We also used it to communicate between our clients. A integrated payment system is really a big deal for business owners like us. Suppose, I’m chatting with a client who needs to pay me a certain sum of money and the app prompts him to pay me that exact amount with a single tap, We’d probably use that over a separate banking tool.

But WhatsApp better need to integrate it fast because other apps like PayTM, FreeCharge, TrueCaller and Mobikwik already offer easy payment system.

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Whatsapp planning to launch p2p payment system in india
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Whatsapp planning to launch p2p payment system in india
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Whatsapp becomes active hub for business owners. Thousands of businesses uses whatsapp to communicate with their clients. Now, whatsapp is planning to launch payment system in india. Read More...
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