WhatsApp Payments is rewarding users! Here's how you can redeem Rs 105
Technology | May 31, 2022 17:56 ISTWhatsApp is giving Rs 35 cashback to the users who are paying or sending money to friends, family or others, through the application.
WhatsApp is giving Rs 35 cashback to the users who are paying or sending money to friends, family or others, through the application.
After two years of waiting, Facebook-owned WhatsApp payment service received approval from the National Payments Corporation of India (NPCI) in November to go live on Unified Payment Interface (UPI) with over 160 supported banks.
WhatsApp Payments is available in 10 Indian languages for both Android and iOS users as part of the latest app version.
The announcement by NPCI came minutes after it limited a single third party like WhatsApp or its rivals like Google Pay or Walmart's PhonePe to handle only 30 per cent of overall UPI transaction volumes by putting a cap.
WhatsApp may soon launch its payment services in India after National Payments Corporation of India (NPCI) informed the Reserve Bank of India that the Facebook owned messaging platform has met data localisation requirement.
After Brazil suspended newly launched WhatsApp’s payments service to “preserve competitive environment” just after a week of its launch, the Facebook-owned messaging platform said it is committed to launching the digital payment service in India, a process that has been in the works since over two years now.
WhatsApp has been testing its payments service in India for a while now but hasn't received any approval yet
WhatsApp has been planning to introduce WhatsApp Pay in India for two years. Read on to know more
WhatsApp right now has more than 400 million users in India and once it starts its UPI based Pay service, the sheer number would go beyond Paytm
Data compliance issues and regulations have kept WhatsApp Payment launch in abeyance for quite some time, despite a successful test run of the payments service with one million users in the country.
WhatsApp right now has more than 300 million users in India and once it starts a peer-to-peer UPI based Pay service, the sheer number would go beyond Paytm.
Facebook-owned WhatsApp is all set to launch its peer-to-peer, UPI-based Pay service for over 300 million users -- especially the small and medium businesses (SMBs) -- in India sometimes later this year, its Global Head Will Cathcart announced here on Thursday.
Facebook will make London as a base for the global roll-out of its digital payments service, before launching WhatsApp Pay in India.
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