Whatsapp Pay Goes Live In India

NewsBharati    06-Nov-2020 15:12:48 PM
Total Views | 134
New Delhi, November 06: After two-and-a-half years, the National Payments Corporation of India (NPCI) gave approval to WhatsApp to go live on its Unified Payments Interface (UPI). With that approval WhatsApp will now be able to extend Unified Payment Interface (UPI) payment services in a graded manner, starting with a maximum of 20 million users.
 
 

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In its preliminary approval, NPCI had allowed WhatsApp's payments service to register 10 million users in the first phase. A full-fledged roll out was allowed after completing compliance requirements.
 
"I am excited today that WhatsApp has been approved to launch payments across India. We've been working on this with the National Payments Corporation of India, who oversee everything to make sure it's secure and reliable," Facebook CEO Mark Zuckerberg said in a statement on Friday.
 
"And we've built it using India's Unified Payments Interface, which makes it easy for anyone to instantly accept payments across different apps -- and for companies to provide people with great services," he further added.
WhatsApp said the payments feature is designed with a strong set of security and privacy principles, including entering a personal UPI PIN for each payment. Payments are available now in 10 Indian regional language versions of WhatsApp.
 
"All you need is a debit card with a bank that supports UPI and you can set it up straight away. You can find it in the latest version of WhatsApp," Zuckerberg said.
 
WhatsApp began testing payments feature way back in 2018 in India but could not launch the feature owing to regulatory roadblocks and data compliance issues.
 
The move comes after NPCI in August had informed the Reserve Bank of India that WhatsApp had met data localisation requirements. Brazil became the first country to roll out WhatsApp payment service in June
Whatsapp Pay UPI Unified Payments Interface National Payments Corporation of India India Mark Zuckerberg CEO Facebook
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