WhatsApp Pay Will Wait, Service Will Start In India This Year
Now you can also transfer money through Facebook owned instant messaging app. WhatsApp Pay Paymenting Service can be rolled out in India soon. Users have been waiting for this service since 2018. Facebook is scheduled to roll out this service in India, Brazil and the Philippines by mid-2020. Giving information about this, the company’s CEO Mark Zuckerberg said that, we are going to start this service in many countries and we want to see its growth in the next 6 months.
This paymenting service is being tried in India since 2018. This feature cannot be rolled out in India due to licensing reasons. Actually, the Government of India is insisting on storing 100 percent data in India keeping in mind the data privacy of the users. At present there are more than 10 million merchants in India who accept digital payment. In such a situation, digital transaction service is likely to increase further after the introduction of WhatsApp Pay service. In the budget presented this year, Finance Minister Nirmala Sitharaman has focused on digitization.
Through WhatsApp Pay, users will be able to send money to anyone who selects their preferred bank through a chat window. For this, the Unified Payment Interface feature of UPI means will be added to WhatsApp. The way you do digital transactions through payment apps like Google Pay and PhonePe. In the same way, users will be able to enjoy payment services through WhatsApp Pay. WhatsApp currently has 400 million users in India, 400 million. After the introduction of this service, the number of users doing digital transactions in the country can be seen increasing further.
