On Friday, WhatsApp Inc. took to its official Twitter handle to announce that it has official begun its secure payments service in India, though which WhatsApp users can transfer money with ease. The service was in testing for two years, and now it has been approved by the National Payments Corporation of India (NPCI). The service will follow the multi-bank model and will be live on Unified Payment Interface (UPI).
Starting today, people across India will be able to send money through WhatsApp 💸 This secure payments experience makes transferring money just as easy as sending a message. pic.twitter.com/bM1hMEB7sb
— WhatsApp Inc. (@WhatsApp) November 6, 2020
In a statement, Mark Zuckerberg, CEO Facebook, said “We’ve been working on this with the National Payments Corporation of India, who oversee everything to make sure it’s secure and reliable. And we’ve built it using India’s Unified Payments Interface, which makes it easy for anyone to instantly accept payments across different apps — and for companies to provide people with great services”.
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