WhatsApp rolls out UPI-based payments service in India; 'excited', says Mark Zuckerberg
WhatsApp's payments experience makes "transferring money just as easy as sending a message", says the company; Zuckerberg says he is glad to support India's digitisation efforts through the UPI platform
- Nov 6, 2020,
- Updated Nov 6, 2020 12:54 PM IST
After over two years of long wait, messaging platform WhatsApp has finally rolled out its UPI-based payments service, WhatsApp Pay, for Indian users. "Starting today, people across India will be able to send money through WhatsApp," the company announced today.
WhatsApp said its payments service is designed with a strong set of security and privacy principles, including entering a personal UPI PIN for each payment. The service is available both iPhone and Android apps.
With the launch its UPI-based payments service, WhatsApp now joins the list of GooglePay, PhonePe and Paytm.
The company said this secure payments experience makes "transferring money just as easy as sending a message". WhatsApp's announcement to start payments service came after it received the go-ahead from the Reserve Bank of India's (RBI) National Payments Corporation of India (NPCI) to offer UPI-based digital payments on Thursday.
For Unparalleled coverage of India's Businesses and Economy – Subscribe to Business Today Magazine
After over two years of long wait, messaging platform WhatsApp has finally rolled out its UPI-based payments service, WhatsApp Pay, for Indian users. "Starting today, people across India will be able to send money through WhatsApp," the company announced today.
WhatsApp said its payments service is designed with a strong set of security and privacy principles, including entering a personal UPI PIN for each payment. The service is available both iPhone and Android apps.
With the launch its UPI-based payments service, WhatsApp now joins the list of GooglePay, PhonePe and Paytm.
The company said this secure payments experience makes "transferring money just as easy as sending a message". WhatsApp's announcement to start payments service came after it received the go-ahead from the Reserve Bank of India's (RBI) National Payments Corporation of India (NPCI) to offer UPI-based digital payments on Thursday.
For Unparalleled coverage of India's Businesses and Economy – Subscribe to Business Today Magazine