WhatsApp has received approval from the Government of India to start its payment feature on the messaging app.
People can send money to a contact through the chat app itself as WhatsApp has partnered the National Payments Corporation of India (NPCI) and used the Unified Payment Interface (UPI). The real-time payment system enables transactions with over 160 supported banks.
To send money on WhatsApp in India, it’s necessary to have a bank account and debit card in India. To begin with, WhatsApp has partnered with ICICI Bank, HDFC Bank, Axis Bank, the State Bank of India, and Jio Payments Bank.
Through a blog and a video featuring Mark Zuckerberg, the announcement was made. The blog added that 'Payment is designed with a strong set of security and privacy principles, including entering a personal UPI PIN for each payment.'