WhatsApp Payments System To Roll Out Very Soon: Here’s Everything You Need to Know

There were speculations earlier that WhatsApp has been secretly working on integrating UPI payments feature within its app. Today, a beta version of the chat app – 2.17.295 – have been spotted featuring the UPI payments option. Going by the reports, the feature is in the works and still in the process of being perfected.

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

WhatsApp iOS

With this feature, you would be able to send money to your friends, family, or any of your contacts with just a few taps on your Android or iOS smartphone. However, leaked screenshots of the beta version with this option mention that the users will have to accept WhatsApp Payments’ Privacy Policy and Terms before proceeding to access the feature. As of now, only the beta version for Android is being tested, and there is no word on the feature being made available to the iOS platform.

A senior official of the Indian government has confirmed via Twitter that the alleged payments feature in WhatsApp would be integrating the Unified Payments Interface (UPI), which was developed by the National Payments Corporation India (NPCI).

Despite the company having the architecture to develop an in-house mechanism itself to make digital payments from number-to-number, WhatsApp has apparently chosen to adopt a homegrown product instead. The instant-messaging app giant’s decision to use locally-designed architecture for payments will allow it to make or receive payments through personal identifiable markers such as Aadhaar numbers, PAN card numbers, account number, and so on.

Since it is still being developed, we do not know how the whole thing works yet. However, if the company decides to go in the manner of Paytm, WhatsApp could come up with a digital wallet of its own and link it to UPI addresses. If that’s the case, then the company would require the RBI to clear its proceedings.