WhatsApp, one of the most downloaded smartphone application was founded by Brian Acton and Jan Koum and later took over by Facebook. WhatsApp is currently recruiting the head of all the digital transactions and UPI maintenance, Aadhaar system, and BHIM transactions. The Ken, publisher reported this first. Brian Acton said that they are doing ground work for the implementation of UPI payments.
Almost 54 crores of users have downloaded this instant messaging app. It has become a way of communication medium between the people. It may be between professor and student, Owner and Customer, WhatsApp is almost used by each and every individual. Recently a journalist started a WhatsApp based news service in the rural area of Uttar Pradesh with 8000 paid subscribers.
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However, Because of Narendra Modi’s Demonetisation, almost all payments became digital. We can say the number of digital transactions faced a sudden increase recently based on a report. The reason behind this is undoubtedly the Big note ban implemented by our Prime Minister on 8th November 2016 to restrict corruption in our country.
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For propagating the secure transactions, India has built a Unified Payments Interface(UPI). UPI is a single window mobile payment system with a user-friendly environment to allow transactions between accounts. Prime Minister Modi, himself launched one such app BHIM in the December of last year. The app currently has 2 lakh users with 4.1 rating. Almost all national Banks and Recharge apps like Paytm also implemented the UPI.
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