WhatsApp testing peer-to-peer payments feature in India

The payments feature would take advantage of UPI, and include support by a number of banks, including the SBI, ICICI Bank, HDFC Bank, and Axis Bank.

Facebook-owned messaging service WhatsApp is testing a new payments feature in India that aims to allow people to send money to their friends on the app, the media reported. The feature is currently in beta, but has not been publicly announced because it is not widely available at this time, TechCrunch reported late on Thursday citing sources familiar with the company’s plans.

When it is launched, the new WhatsApp payments feature could give popular digital wallet platform Paytm, and other messaging services that already support payments, including the recently launched Tez from Google a tough competition.

The payments feature would take advantage of UPI (Unified Payments Interface) and include support by a number of banks, including the State Bank of India, ICICI Bank, HDFC Bank, and Axis Bank, the report said. Beta testers have now found their WhatsApp interface displaying a large list of supported banks and they can see a payments feature appear in their WhatsApp Settings menu.

In order to configure the feature, users must first verify their phone number via SMS and then choose a bank. After the completion of the configuration, the option to send a payment becomes available. WhatsApp currently has over 200 million monthly active users in India.

To help businesses communicate better with their customers in India, WhatsApp last month officially rolled out “WhatsApp Business” — a free-to-download Android app for small businesses — in the country.

Published:Fri, February 09, 2018 12:50pm


facebook UPI Google WhatsApp

More From News

NewsSamsung plans on making all its devices Bixby and IoT ready by 2020
NewsHuawei, Honor now offer ‘damage protection plans’ against accidental drops and liquid damage
NewsQualcomm Snapdragon 710 launched, WhatsApp bug spotted, Xiaomi offers Mi Credit, and more: Daily News Wrap
NewsFacebook releases ‘Facing Facts’, a 12 minute film about how it fights fake news
NewsUber to reinvest profits back into tech, emerging markets like India: CEO Dara Khosrowshahi

More From Bgr

GamingBattlefield 5 trailer revealed, set to release in October
FeaturesQualcomm Snapdragon 710 mobile platform announced, AI expected on mid-range phones soon
GamingPUBG Mobile has broken the 10 million daily active users mark
ReviewSony WH-CH400 Review: Good bang for buck offering balanced highs, mids and lows
OpinionsOnePlus 6 shows us that the lack of wireless charging is not a deal breaker

Explore more