Whatsapp payment feature launching & when will india get it? - Technopweb

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Whatsapp payment feature launching & when will india get it?

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Whatsapp was planning to start the payment facility by the end of the year. At that time the company was speaking to find ways to implement this facility with NPCI.

  
Mobile payment apps like PetiM (the most popular wallet app in the country) and Mobikivic have seen exponential growth in the number of transactions and user base. However, none of them is active users as Whatsapp.

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Whatsapp has been reported to work on integrating a UPI-based mobile payment system in the popular messaging app for a long time. Now it seems that there can not be enough time to wait for long time to get 200 million users in India, allowing you to transfer money with some taps to your friends and family.

Whatsapp has been seen in the beta version of the integration Android app. The UI payment page is hidden in Whatsapp for the Android beta version 2.17.285, according to the blog WABetaInfo; The opt-in feature will allow instant payment on the IMPS protocol as a user.


 
Whatsapp is reading in-chat payment option and can officially exclude this feature for some time around December. Indian users can get the facility at the same time, i.e. December. "They are likely to have some sort of extended beta program for convenience in November and December, you can expect a full rollout

  
The Facebook-owned messaging app has not yet told any details about this feature. but
Whatsapp is talking to financial institutions for its upcoming payment facility. If this is working on payment facility, there is no doubt that this Indian digital payment is going to be a major threat to other players in the ecosystem.


 
Related imageHow Does the WhatsApp Payment Facility Work?
As WaBetaInfo has been reported, you have to accept the terms and conditions to use the UPA facility. This feature is not yet fully available in beta. Therefore, it may take some time for this feature to go live. But, whenever it comes, it will revolutionize the future of payments. As you already know, Whatsapp is a messaging app that uses your contact list to sync numbers. After syncing, it shows you which of your contacts are on WhatsApp and then you use it to send texts and files to your contacts, including images, videos and documents.

It will also check which of your contacts are registered for the UPI payments, since it will be integrated with whatsapp, many people are registering for the UPI payments. We can expect that almost every WhatsApp contact will be able to send and receive instant money.

 
This is similar to the integration of freight for whatsapp. As you know, the mobile number is the default VPA in the BHIM UI app. And integrating this feature is relatively easy with the above mentioned feature.


 
To make a digital payment, you have to go to - Attachments & gt; Symbol of rupee & gt; Click on it. After that whatsapps will ask you to give the amount, provide the personal identification number and click the send button. The receiver will get a message - similar to a new message. Then the receiver will have the option of accepting or rejecting the payment. The user must link the details of his bank account on WhatsApp to initiate the payment process.

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By: Shubham Pandey,
 
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