WhatsApp give very interesting update soon. Yes WhatsApp starting money transfer facility in India. Transfer through UPI mode. Most recently this idea is started in TrueCaller App. Latest TrueCaller app have money transfer option. That facility is powered by icici bank in TrueCaller.
The organization is additionally appointing a head of digital exchanges with the master in UPI (Unified Payments Interface), Aadhaar (India’s biometric identity system) and BHIM, the payments application impelled by the most ofIndian banks. This was initially revealed by The Ken in a well-researched story (behind paywall). In a meeting to Times of India in February, WhatsApp co-founder Brian Acton had said that the organization may enter digital payments and that it is in ‘early phases’ of examining the segment.
WhatsApp has more than 200 million clients in the nation and is by a wide margin the most the most successful communication service in India. It is as of now being utilized as a part of a major route by small and individuals business owners discuss with their clients. For exampleIn In rural Uttar Pradesh, there’s even a WhatsApp based news service with more than 8000 paid subscribers (Rs 100/year) keep running by a reporter.
In the course of the most recent couple of months, India’s computerized payments scene has detonated. Add up to the estimation of digital exchanges have developed year on year, as indicated by this Mint report in light of information from India’s central bank. The Indian Govt in November last year, moved to demonetise cash notes of Rs 500 and Rs 1000 to check black money. This created a shortage of cash in the market and forced many users to hop onto the digital payments bandwagon.
Most banks and private wallet administrators like PhonePe and Paytm additionally bolster UPI based installments now.