The popular messaging app ‘WhatsApp’ is supposedly working on a digital payment system using UPI. It is also expected that service will be launched for its users this year only. If the reports by ‘The Ken’ are to believed WhatsApp is all set to hire a person a head for digital transaction business in India, someone who holds expertise in Aadhaar, UPI and Bhim. The report also suggests that the WhatsApp-based peer-to-peer payment system will commence in about 6 months’ time.
Social networking giant Facebook’s -owned WhatsApp is today regarded as one amongst the largest digital communication platforms in India and also worldwide. With over 200 million users aboard the platform, the digital transactions can only get a increase from such a shift.
However, we all are aware of Facebook’s results. Given the company’s uncontrollably demands for the user data, it has become doable that details of user transactions will be sent to Facebook for a examination, helping them to target ads better.
Apart from this, yet another digital payment platform will be welcome, if only because WhatsApp’s reputation might abolish the need to use some of the other, less popular apps. It’s expected that WhatsApp is functioning on amalgamating Bhim and UPI rather than mounting a payment service of its own.