Soon We Will See Whatsapp Pay in our Daily Use of Payments
To Promote Digital Payments in our Country, NOw WhatsApp is JUmping in the field of UPI Payments.With the user base of over 1 billion active users daily, WhatsApp is in the process of integrating its Unified Payments Interface (UPI) with collaborating with several Indian banks such as HDFC, State Bank of India, ICICI and Axis bank, the report added.
We get to know that, WhatsApp is being testing this feature with some of their banking partners and will be live until February for normal use. Considering the recent reports, one of the bankers stated that the product is undergoing rigorous security checks.
Following the recent reports of Aadhaar data being leaked, bankers expressed concern that several security issues need to be addressed before the payments facility can be integrated into WhatsApp. Because we use this app like in our daily need.So, the security must be the first concern.Keeping mind in UPI transactions they must be properly encrypted data.
However, WhatsApp Pay feature is a win-win situation for both the Facebook-owned company and the Indian government.Because WhatsApp having 200Million Users along with numbers of India so, automatically digitization of India will increase more as of now.Everybody will use only WhatsApp-pay because the impact this app created is miraculous.
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