Whatapp Money Transcation and new Payment method

Whatsapp is going to launch payment option.WhatsApp, which has more than a billion users a day, is trialing

"immediate bank to bank transfer with UPI". UPI, or Unified Payments Interface, is a payments system run by the Reserve Bank of India, which appears to confirm reports that the payments service would be coming to India first. 


This will be the first time that WhatsApp is introducing the payments feature anywhere in the world.

The feature is in its final stages and WhatsApp employees are testing it out, according to a person with knowledge of the plan. “They are likely to do some sort of an extended beta program for the feature in November and by December you can expect a full rollout,” the person said, asking to stay anonymous.

 

Others have already taken that jump. Sweden-based Truecaller, which counts India as its largest market, introduced user-to-user payments last week through a tie-in with ICICI Bank that also utilizes UPI. It is hoping that the new functionality will help it compete for engagement with WhatsApp and other messaging apps like Hike, which raised money from Tencent at a billion-dollar valuation.

 

Facebook added payments to its Messenger app some time ago in the U.S., but such a feature inside WhatsApp could be far more transformative in India, where Messenger is less popular. Credit card penetration is far lower in India, while WhatsApp has already emerged as a platform for facilitating e-commerce despite currently offering no features that expressly support that.


Let's wait and see the update of the WhatsApp.According to the report, this function will be fully available within 6 months.This time india is going to use the beta version of the app.I hope this new payment method will improve our productive conversation more.Similarly, the WhatsApp has been introduced business WhatsApp account for small business people to improve their productivity. I hope you got some valuable information.Any suggestion or doubts please leave in the comment session

Have fun and Have a Great Day!!!!!

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