WhatsApp Popular messaging app. Soon money can be sent through WhatsApp. For this, WhatsApp is going to be launched. It is reported that the National Corporation of India (NPCI) has given approval to Facebook, the company which owns WhatsApp. WhatsApp will start work in different stages. Preparations were going on for two years.
How to start on WhatsApp
In the Business Standard report, quoting a Reserve Bank official, it has been said that NPCI has approved the license for digital payment. Before the NPCI, the Reserve Bank had also approved WhatsApp. WhatsApp has been asked to implement it in a phased manner. It is being said that initially, one crore users will get the facility of WhatsApp. Then gradually this service will reach the rest of the users.
Whatsapp on trial for two years
WhatsApp has around 400 million users in India. After fully working, it will be one of the largest payment apps in India. WhatsApp started a payment service in February 2018 as a trial. The trial started in association with ICICI Bank. At that time, 1 million users were included in it.
Now these payment apps are working
There are many payment apps in India right now. These include Paytm, PhonePe, Google Pay and Amazon Pay. Many big companies are associated with them. Chinese company Alibaba has invested in Paytm. PhonePe is owned by the American company Walmart. The remaining two payment apps are from Amazon and Google. All these payment apps run on UPI (Unified Payments Interface). NPCI has prepared UPI.