WhatsApp Pay has received official approval, may be launched soon

The WhatsApp Pay service has so far been available on a trial basis for selected users in India. The instant messaging app is now licensed by the National Payments Corporation of India (NPCI). According to media reports, the company can now phase out WhatsApp services for all users in India. With this payment, users will be able to make digital transactions from within the app using the Unified Payment Interface (UPI) of the Government of India. WhatsApp, an instant messaging application owned by Facebook, released the payment service as beta testing for about 1 million users in 2018, but the service could not be extended to all users due to delays in regulatory approval.

According to the Business Standard report, On whatsapp The first phase will reach about 1 million users in India. Agency for providing WhatsApp NPCI The license was obtained after a long wait on Thursday.

Explain that once the WhatsApp service is fully launched, it will become one of the largest mobile payment services in India. Behind this WhatsApp It will be widely used in India. Please tell, whats the story of them big puppys ….. More than 400 million users We do.

The company launched the WhatsApp Pay service in February 2018 as a test mode. Users of this mode have a ‘Payment’ option within the app, which allows users to make UPI-based transactions from within the app.

Last week, Facebook CEO Mark Zuckerberg told analysts that WhatsApp Pay would be released in several countries over the next six months. The Government of India and the Reserve Bank of India (RBI) have been informed about the concerns behind some of the features of WhatsApp, the reason behind the delay in the WhatsApp Pay service. Even cyber analysts called WhatsApp a threat to the Indian digital banking ecosystem. However, after getting the license from NPCI, the company has got rid of all the problems and now WhatsApp users in India will soon be able to make money transactions through their app.