WhatsApp will serve as a platform in Indonesia, supporting payments via local digital wallets.
WhatsApp launched its payment feature with ICICI bank but failed due to a lack of localisation of data storage.
The data localisation is completed and after the auditors submit the reports, WhatsApp payment application can go live.
WhatsApp wrote to RBI, seeking a formal nod to expand payments services in India.
WhatsApp is currently piloting WhatsApp payments and is waiting for a formal approval to be granted.
Paytm founder Vijay Shekhar Sharma has also demanded a level-playing field for all UPI-based apps including WhatsApp.
WhatsApp Payments: Messaging app may turn heat on mobile wallet players, but game has shifted to value-added deals
What Facebook-controlled WhatsApp can do, however, is to possibly look deeper into your behaviour than other mobile wallet players like MobiKwik, PayTm etc
Paytm vs FreeCharge vs MobiKwik vs Google Tez vs others: Here's a look at the existing digital wallets ecosystem
If you are confused about this whole online payments revolution, here's a quick rundown of the features and capabilities of various popular services