WhatsApp has released person-to-person payments into beta in India

collected by :Molly Tony

WhatsApp has begun testing a new payments feature in India that going to allow people to send money to other whatsapp apps users, excluding trader accounts. Beta testers have this time found that this functionality is live, with a big list of supported banks displayed in the whatsapp apps consumer interface. The addition puts whatsapp apps into competition with other messaging services that endeed backing payments, involving the soon released Tez from Google and Tencent-backed Hike, for example, as well as digital wallet platform Paytm, that expanded into messaging in order to take on whatsapp apps further directly. However, WhatsApp's backing for payments is highly anticipated because of the app's massive popularity between Indian users. We understand that whatsapp apps going to allow users realize the time P2P payments becomes further widely obtainable in India, after the better testing phase completes.

WhatsApp is rolling out person-to-person payments in India

WhatsApp is determine to launch a person-to-person money transfer service for users in India, according to National Payments Corp of India. Scroll drop for videoWhatsApp is rolling out a new digital payments service in India that appears in your messaging menu (left image). Four banks going to join United Payments Interface (UPI) - that powers the payments service - for WhatsApp, NPCI said. Pictures premier emerged of WhatsApp's planned system in August on the blog Wabetainfo, that showed a monitor with 'welcome to whatsapp apps payments' on it. A spokesman added: 'India is an important country for WhatsApp, and we're understanding how we could contribute further to the vision of Digital India.

WhatsApp forays into digital payments space

according to WhatsApp's entry into the digital payments space has made incumbents jittery. With lock to 200 mn every 30 days active users, the messaging application can massively disrupt the UPI-based digital payments industry, currently dominated with Paytm . Vijay Shekhar Sharma, Founder, Paytm, has raised concerns on the messaging app's entry into digital payments. He has too termed whatsapp apps payments a safety risk, telling which lack of a login makes it akin to an 'open ATM'. Spreading rumours isn't helping Digital India," tells Amrish Rau, India head of universal payments company PayU.