Campaign India Team
Nov 06, 2020

WhatsApp gets government approval to start payment

Users will get personal UPI pins for each payment to enhance security

WhatsApp gets government approval to start payment
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.' 
 
Source:
Campaign India