WhatsApp UPI Payments is a new upcoming features to transfer money
WhatsApp UPI Payments – Cashless payment is one of the most important and impact method in the reformation of our country. Many attempts were made by the government to bring the habit of cashless payment in the lifestyle of people of our country. But it was the time after demonetization when people realized the actual potential of cashless payment.
Many big companies such as PAYTM came into light for such a project. Many people almost instantly took the decision to more the habit of cashless payment but there were still many people who could’t understand the matter of cashless payment. For many people cashless payment through companies like PAYTM was very lengthy and not comfortable.
The Facebook-owned company expects to roll out support for UPI (Unified Payment Interface) to its messaging app WhatsApp by the end of the year, a person familiar with the matter said.
What’s app is talking to the banks of India about its planing. It can be takes seriously because it is a plan which will put a great impact on the minds of Common people. The National Payments Corporation of India (NPCI) has reportedly given the nod to the free messaging application, which is owned by Facebook Inc, to tie up with Indian banks to enable account to account transfers.
One more point can be made here that many person who are not literate means who are not technically literate are also using at least Facebook and What’s App in their mobiles. Here, WeChat and Hike Messenger already support payment services.
So, it will be easy for them to understand and execute the processes of cashless and execute the processes of cashless payment. Every person is linked to almost every relative of them. If Indian Banking system will accept this, then one person an easily transfer some amount of money to another person.
If it is a true news then it can be a revolution in the program as will as it will change the mindset of many people who thinks that cashless payment is lengthy. As what’s app is one of the few apps which is kept by almost every people who have smartphones.
This post was published on July 12, 2017 9:26 am