(Image source from: Financialexpress.com)
Payment Option Soon For WhatsApp Users?:- WhatsApp is all set to join the long list of bigwig firms on providing a payment option to their users. A new feature is all set to be rolled out by the chat-based platform. The users will be enabled to make fund transfers from within the app itself.
For the past few months, the company has apparently been working on the feature and within the coming months, it may see the limelight. And what’s more? WhatsApp may roll it out first in India. And all thanks to its largest user base in the country.
The new feature as expected to be called under the name, WhatsApp Pay is reportedly in its final testing phase. For the feature, the Facebook-owned company has tied up with SBI, ICICI and HDFC as the bank partners and essentially work on a UPI based payment method, as per reports.
Under the ‘Attachment’ option in a WhatsApp chat, the feature will reveal a ‘Rupees’ symbol. By entering the amount to be transferred and the UPI PIN, the users can make fund transfers through a simple one-step process, using this. The added feature is that in order to make the payments, users will not have to exit the chat screens.
The Chinese equivalent of WhatsApp – WeChat had adopted a similar trend. A payment option for its users was launched by WeChat, being a chat platform and since then, has become a major player in the payments market. It may become a tough competitor for the existing payment platforms in India including Paytm, Mobikwik and others, if WhatsApp is able to roll-out this feature efficiently.