Oyogist.com earlier reported that Popular Messaging platform, WhatsApp, began testing its payments service in India with 1 million volunteers in early 2018.
WhatsApp said yesterday that it would introduce the highly anticipated payment Feature in India, in its latest app version. WhatsApp built its payments service via UPI, a payments infrastructure built by a coalition of large banks in India.
WhatsApp further revealed that it is presently working with five leading banks in India: ICICI Bank, HDFC Bank, Axis Bank, the State Bank of India, and Jio Payments Bank.)
Facebook and WhatsApp CEO, Mark Zuckerberg while releasing the latest update, said thus in a video;
“With UPI, India has created something truly special and is opening up a world of opportunities for micro and small businesses that are the backbone of the Indian economy. India is the first country to do anything like this. I’m glad we were able to support this effort and work together to help achieve a more digital India.
“I want to thank all our partners who’ve made this possible. When people can access financial tools, they’re more empowered to support themselves and others, or start a business. Long term, we need more innovation that gives people control over their money, and making payments easier is a small step that can really help,” Mark said.