referring to Moneycontrol NewsFacebook-owned messaging application WhatsApp is in discussion with banks to facilitate instant payments via Unified Payment Interface (UPI) for users within its platform. WhatsApp is believed to have kick-started discussions with State Bank of India (SBI), the National Payments Corporation of India (NCPI) and a few other financial institutions for the same. UPI, launched by Reserve Bank of India Governor Raghuram Rajan in 2016, facilitates instant fund transfer between two bank accounts on the mobile platform. "Some security protocols will need to be implemented around payments through WhatsApp. That is, whether it will be done through WhatsApp or appear as a payment mode in the payment gateway page.
as informed in
WhatsApp is in talks with Indian banks, including State Bank of India (SBI), to enable bank-to-bank transfers via UPI (Unified Payments Interface). WhatsApp is in talks with Indian banks, including State Bank of India (SBI) to enable bank-to-bank transfers via UPI (Unified Payments Interface). According to a report in Economic Times, the social messaging platform has initiated discussions with National payments Corporation of India (NCPI) as well. Launching payments service in India makes sense for WhatsApp, more so because India is one of the largest markets for the company with over 200 million active users. However, integration of payments solutions in WhatsApp could pose a potential threat to rivals like Paytm and MobiKwik given WhatsApp already has a lot more users on its platform.
Aside from payments, Hike 5.0 is also re-introducing the app's social network-like timeline feature, which was retired when Hike added Snapchat-esque Stories last year. India-focused mobile messaging service Hike landed funding from Tencent last year, and today it took a major step to emulating the Chinese firm's WeChat app with the introduction of mobile payments. MobiKwik is purely focused on payments and claims 50 million users, fast growth and a potential $1 billion valuation soon. The launch of Hike Wallet not only shows an ambition to build a messaging platform, it also means Hike has beaten WhatsApp, the chat app that dominates India, to the punch. WhatsApp is one thing, but India's mobile payment space is already condensed with specialists.
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collected by :Andro Alex
as informed in
WhatsApp in talk with SBI, NCPI to launch UPI-based payments service: Report
WhatsApp is in talks with Indian banks, including State Bank of India (SBI), to enable bank-to-bank transfers via UPI (Unified Payments Interface). WhatsApp is in talks with Indian banks, including State Bank of India (SBI) to enable bank-to-bank transfers via UPI (Unified Payments Interface). According to a report in Economic Times, the social messaging platform has initiated discussions with National payments Corporation of India (NCPI) as well. Launching payments service in India makes sense for WhatsApp, more so because India is one of the largest markets for the company with over 200 million active users. However, integration of payments solutions in WhatsApp could pose a potential threat to rivals like Paytm and MobiKwik given WhatsApp already has a lot more users on its platform.
Aside from payments, Hike 5.0 is also re-introducing the app's social network-like timeline feature, which was retired when Hike added Snapchat-esque Stories last year. India-focused mobile messaging service Hike landed funding from Tencent last year, and today it took a major step to emulating the Chinese firm's WeChat app with the introduction of mobile payments. MobiKwik is purely focused on payments and claims 50 million users, fast growth and a potential $1 billion valuation soon. The launch of Hike Wallet not only shows an ambition to build a messaging platform, it also means Hike has beaten WhatsApp, the chat app that dominates India, to the punch. WhatsApp is one thing, but India's mobile payment space is already condensed with specialists.
to read more visit us whats app br/>
collected by :Andro Alex
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