of WhatsApp Instant money sending/receiving service for India users WhatsApp Pay continues to grow. Messaging platform WhatsApp has received approval from the National Payments Authority of India (NPCI) to expand its payment service.
The new permission from NPCI means that WhatsApp Pay will now roll out to up to 100 million users. Alright What is WhatsApp Pay and will it come to Turkey? Here are the details.
WhatsApp announced: Those who do these will have their account suspended!
WhatsApp has set some strict rules for the platform to offer a safer experience. Many of these items may have been done before.
New approval for WhatsApp money sending feature
Payment service developed by NPCI UPIfor a while on WhatsApp is located. The payment service, which is currently distributed to about 40 million users, can be tested by 100 million people, thanks to WhatsApp’s new additional 60 million user approval.
NPCI first approved WhatsApp to use its payment service UPI in 2020. This service, which was limited to 20 million users at the first stage, was gradually increased to 40 million in the last quarter of last year.
India, more than 487 million user with WhatsApp the largest market. The messaging platform’s large user network is raising concerns, both locally and in government agencies. That’s why NPCI sets some limits to restrict the platform and prevent it from monopolizing the payment space.
WhatsApp aims to enter the digital payment market with its payment service WhatsApp Pay. Messaging platform; Paytm, Google Pay, PhonePe in competition with other major brands such as
PhonePe has more than 350 million users in the country, while Google Pay is used by more than 200 million people in India. In addition, Paytm stated that an average of 69.5 million transactions are made per month.
What is WhatsApp Pay In case you’re wondering, it actually means payment service. A platform that allows users to pay their acquaintances through WhatsApp. in-chat payment feature the one which… UPI-based This service is available with the approval of the National Payments Authority of India (NPCI).
What do you think about the feature of sending money via WhatsApp? You can express your thoughts in the comments or share them on the SDN Forum.