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WhatsApp payments to launch in India first: UPI Payments on WhatsApp beta version

WhatsApp Payments

WhatsApp payments: As the earlier reports suggest, Facebook owned Instant messaging service WhatsApp unveils UPI Payments on its platform. The new beta version of the app introduces the WhatsApp Payments option for peer-to-peer (P2P) money transfer.

The Payments option in WhatsApp to roll out in India first and is being built on the government-backed Unified Payments Interface. This new WhatsApp in-app Payment option can be found in the WhatsApp version ’2.17.295′ on the Google Play Beta Program.

The official WhatsApp Payments section for Android which’s still under development reads the tagline “WhatsApp Payments: the immediate bank-to-bank transfer with UPI”. Users should accept the WhatsApp Payments and Bank Terms and Privacy Policy to use the UPI Payment option on WhatsApp.

WhatsApp update for Android users get File Transfer support and bundled media sharing

On the other hand, WhatsApp was reportedly making its efforts to collaborate with SBI to launch the payments option on WhatsApp. Now with this UPI payments option, WhatsApp claims the second Facebook-owned platform to provide in-app payments.

Facebook Messenger is already offering the Payments service on its app for US users since 2015. Similarly, other messaging apps are also gearing up to launch integrating payments. Recently, Skype has tied up with PayPal to offer P2P money transfer in selected countries.

Google, Facebook, WhatsApp and Amazon to support UPI-based Payments

Coming to India, Indian origin Hike has rolled out Hike Wallet (in-app payments) back in June. Now, WhatsApp is considering India as the largest market to offer UPI Payments option in India. However, Indian banks should merge their systems with the messaging app to offer UPI payments on WhatsApp. As of now, all leading banks have their own UPI apps for their customers.

“Due to the complexity of the architecture, WhatsApp is in discussions with the State Bank of India, NPCI and few other banks to devise ways to integrate their systems with the bank and with NPCI,” says, a senior SBI official.

Hike Wallet Money Transfers: Hike Messenger Rolled out UPI Interface in its App

Yet, WhatsApp Payments feature is something which the app developer is aiming to make the ‘Digital Transactions Lead’ in India.

“India is an important country for WhatsApp, and we understand how we can contribute more to the vision of Digital India. We’re exploring how we might work with companies that share this vision,” a WhatsApp spokesperson had said in a statement.

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Google, Facebook, WhatsApp and Amazon to support UPI-based Payments

android upi pay

Digital payments in India are going to get a boost as the global companies like Google, Facebook, Uber, and WhatsApp are planning to implement UPI on their respective platforms. To make their debut, the companies are in talks with the National Payments Corporation of India (NPCI) to enable Unified Payments Interface (UPI) on their platforms. Search engine giant Google has completed its talks, and the Google UPI may launch soon.

Google has completed the testing to integrate its Android Pay with UPI and is in advanced talks with NPCI.  Recent reports confirm that Google is awaiting Reserve Bank of India’s approval to launch its UPI service in India. The report quotes NPCI’s CEO for this.

Hike Wallet Money Transfers: Hike Messenger Rolled out UPI Interface in its App

“Quite likely Google would come first, because their testing is more or less complete. We have written to RBI seeking approval just two or three days back,” says NPCI MD & CEO A P Hota. Officials have added that Android Pay will be launched as an app, along with the integrated UPI feature.

Android Pay is a mobile wallet originally launched in 2015 in the US. This e-wallet stores credit cards, debit cards and loyalty cards, etc. Android Pay allows contactless user payments using their smartphone at selected retailers. Google Android Pay is similar to Apple Pay and Samsung Pay and could boost service If UPI is included in it. Considering the fact that Android is a dominant operating system in India with the huge user base.

On the other hand, other global players like Facebook, WhatsApp are claiming for UPI integration on their platforms. Besides that, Facebook announced peer-to-peer payments on its Messenger app back in 2015.

“Google, Facebook, and Whatsapp are very big players.  Technically it is feasible, but RBI would have to take a holistic look. They will have to look whether there are any risks other than the technical aspect,” says, A P Hota.

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