Published: Thu, August 10, 2017
Sci-tech | By Carrie Guzman

WhatsApp will now support bank-to-bank transfer using UPI

WhatsApp will now support bank-to-bank transfer using UPI

"In order to use WhatsApp Payments, you will have to accept the WhatsApp Payments and Bank Terms and Privacy Policy", the blog added. The beta version of the WhatsApp, running on Android, now shows a preview of the payment feature.

It's when people start digging through these new beta updates that we see possible new features that could make its way into the platform in the future.

While WhatsApp is planning to take on Paytm by adding the payment feature, Paytm is also taking the other route to get back at WhatsApp.

Earlier this month, PTI had reported that WhatsApp's co-founder Brian Acton had met IT Minister Ravi Shankar Prasad to discuss ways in WhatsApp could contribute to "India's vision for digital commerce".

Though the feature is revolutionary, WhatsApp is not the first one to incorporate it. WhatsApp's rivals such as Kavin Mittal-promoted Hike Messenger and Chinese social media app WeChat already support payment services. According to WhatsApp blog, WhatsApp beta version 2.17.295 has the UPI integration feature.

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UPI was launched by the National Payments Corporation of India (NPCI) and is regulated by the Reserve Bank of India (RBI).

"As far as Whatsapp is concerned, discussions have commenced..." While Samsung has already introduced Samsung Pay solution, Facebook-owned WhatsApp is now inching closer to roll out peer-to-peer payment facility.

Ever since the government announced demonetisation of old Rs 1000 and Rs 500 notes in November previous year, digital payment adoption has seen an exponential growth in India.

Most popular messaging platform WhatsApp is now working on adding a new feature to its app i.e payment via UPI.

Next WhatsApp step, that should be available when all business services will be released for all users, will be payments. For WhatsApp, which plans to introduce services as an option soon, a UPI-based payment in India could be a boon. WhatsApp is working on a recall button which would allow users to unsend or delete the sent messages.

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