WhatsApp has over 1.5 billion monthly active users, who exchange 60 billion messages on a single day.
WhatsApp currently has over 200 million monthly active users in India and for them, the company has launched a new payment feature that will allow users send money to other WhatsApp users. excluding merchants accounts. The company has been planning this service from long back and currently in Beta mode and will be available to the public later on.
This feature is available live in Beta mode with support of many Indian banks displayed in the WhatsApp user interface.
To use this payment feature, Beta users must configure the feature by first verifying their mobile number via SMS and selecting bank then they get an option to send a payment in the main WhatsApp interface.
To use this payment feature, Beta users must configure the feature by first verifying their mobile number via SMS and selecting bank then they get an option to send a payment in the main WhatsApp interface.
With 200 million monthly active users, India is WhatsApp's largest market which gives more reasons to the company to announce the feature to the public soon.
WhatsApp logo. San Francisco, Feb 9
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, TechCrunchreported 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.
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