Friday, 19 July 2019

WhatsApp plans to launch a payment service in India

WhatsApp plans to launch a payment service in India


The popular messaging service WhatsApp plans to launch a payment service in India for a long time. But there is a legal problem in that work. It has been known recently that the complexity has been spent.

Since 2018, millions of beta subscribers have started using WhatsApp payments. But it was a lot late in the launch of this service in the Stable version. According to multiple laws in the center, WhatsApp has to launch a payment service. WhatsApp will start payment service in India if a green signal is given Before starting the payment service, WhatsApp must ensure that all payment information in India is stowed in India's servers. For this, a third-party auditor should be appointed to the US company. Now, WhatsApp is going to submit the audit report to the Reserve Bank of India. This news has been received recently by a person associated with this work.

Already in the digital payment world of India, competition among Google, PhonePe, Amazon Pay and Paytm India is already going to enter the tough prudential market in WhatsApp By 2023, India's digital payment market will cost a trillion US dollars.

At present, over 30 million subscribers in India regularly use WhatsApp. Experts believe that after the entry of WhatsApp into this market, the world's digital world may come in handy.

Although WhatsApp has stopped commenting on this audit In response to the email, WhatsApp spokesman said "The company will allow users of WhatsApp to use WhatsApp payments through the payment of the UPI payments. WhatsApp will work with Indian partners to make digital India's dream come true. "
WhatsApp plans to launch a payment service in India

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