Thursday, May 28, 2020

Whatsapp Payment Service

Whatsapp till now was only competing chatting sites but now it is messenger very soon
Google is preparing to compete on Amazon and Paytm with WhatsApp so far
 Must be chatting

 But soon you will be able to pay with this, in fact, Facebook-owned company Whatsapp has got the approval of the National Payment Corporation of India NPCI for digital payment platform Whatsapp, while the company payment facility of the pilot project
Is giving anything in general but after getting the green signal from NPCI directly on Google and Paytm
 Has become a rival

According to a report, an official of the Reserve Bank of India has said that after the approval of the regulator, Whatsapp will be able to launch its digital payment platform on WhatsApp across India in phases. Whatsapp had not applied for the platform long enough but with the approval Have received then

When the company has accepted the condition of data localization to store all the data, Whatsapp in the first phase
Will be able to provide payment facility to one crore users in India and valid the rest of the conditions
Later, the company will be able to roll out this feature for all its users.

After rolling it out now, Whatsapp will go to the country's largest digital platform
 With ICICI Bank in February 2018 from over 40 croreshttps://www.youtube.com/watch?v=SaJ0hw4_Nok WhatsApp users in India

Together they had started the facility for 1000000 awaiting regulatory approval
Was doing service is based on Unified Payment Interface
Developed by NPCI

But till now Whatsapp could not get its approval because Reserve of India
The bank had instructed NPCI that till the time of data localization saffron on Whatsapp
Unable to follow completely, to launch digital payment service
Will not be allowed

Now when customers' favorite messaging app Whatsapp will launch its Payment Service Marketing
So it will have to be seen whether the customers will make their payment app just like the messaging app

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