Whatsapp Payments News
According to government sources, the Ministry of Electronics and IT has written to National Payment Corporation of India to verify compliance around WhatsApp payment and check if WhatsApp is sharing data with its parent firm Facebook.
WhatsApp Payments expected to roll out out next week: Here's all you need to know about the peer-to-peer payments feature and how it works
Waiting for its partners to have necessary systems in place, WhatsApp in February released its payments system in a Beta update to check its stability.
WhatsApp who have had the feature ready for a while now has been waiting for its partners ICICI, HDFC, Axis Bank and the SBI to begin a widespread rollout.
While it is still being rolled out, conversational commerce through things like payments on Messenger will also be important to the social media giant, the report said.
The new WhatsApp Payments ‘Request Money’ feature only works with UPI ID and using QR codes.
WhatsApp posted on its platform that Facebook simply helps pass the necessary payment information to the bank partner and NPCI.
A new update for those who are on the WhatsApp Android beta version will now let you scan a QR code to easily transfer money.
WhatsApp Payment feature can disrupt mobile payments space but it still needs to address some issues
WhatsApp will have to acquire merchants which is not only a considerable task but a different ball game altogether.
WhatsApp to launch 'full-feature' inter-bank money transfer service soon says NPCI with four banks handling UPI to process fund transfers
Friday’s statement marks the de facto official launch of WhatsApp’s new service as NPCI is the body set up by the central bank and lenders to oversee payment services.
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
WhatsApp payments could go live by next month with bank partners such as SBI, ICICI, HDFC Bank and more: Report
WhatsApp payments feature could go live as early as next month.
Paytm launches ‘Inbox’ messaging platform with ability to send or request money and share multimedia messages
The company detailed that this is a new ‘messaging platform’ that will allow Paytm users to interact with family and friends.
WhatsApp is reportedly testing the photo filters feature on Android devices which had been available for iOS users since June.
WhatsApp is already in talks with the NPCI and a few banks to facilitate financial transactions via UPI.
The payments interface is a hidden feature in the WhatsApp beta so you can expect changes in the interface.