You’ll Soon Be Able To Send Money Via WhatsApp’s New Payment Service. Here’s All You Need To Know...
WhatsApp is one in every of the foremost well-liked apps in India and with its new feature enabling users to send money via the app, we’re definitely going to love it even a lot of.
Back in April 2017, the Facebook-owned company said that it had been engaged on a payment service which it had been reaching to launch in India, one of its major markets.
A year later, the company has launched WhatsApp Payments, a digital peer-to-peer payments service that will charge users to send money via WhatsApp. The service has been launched in beta version immediately and is out there to limited users in India.
The company has launched this feature keeping in mind the requirements of native merchants and alternative users who frequently transfer money to friends and family.
According to TechCrunch and a couple of screenshots uploaded by folks on Twitter, users who have access to the present service can see a payments feature in their WhatsApp Settings menu.
According to reports, WhatsApp has signed up a number of banks in India to help promote its payment service. It’s additionally integrated with Unified Payments Interface, an Indian government-developed instant period payment system.
With over two hundred million active users per month, it’s predictable that WhatsApp will currently vie with Mobikwik, Paytm, Google Tez, and alternative such wallet companies.
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