WhatsApp to Encourage Digital Payments in Rural India

Expanding the digital payment wing of WhatsApp is a vital part of its India strategy. The company plans to focus on four key areas in India – Fostering small and micro-business systems, easy access to business services, partnering to invest in social impact projects and growing digital payments.

Highlights:

  • WhatsApp has announced a financial inclusion program to encourage digital payments across India.
  • WhatsApp has rolled out a voice message preview feature.
  • WhatsApp has more than 530 million users in India.

Follow Us

WhatsApp

Popular messaging platform WhatsApp has announced a financial inclusion program for India. The program, launched as a part of scaling up its financial payment business in the country, intends to encourage digital payments among people across all segments, especially the users from rural India.




In Meta’s annual event, Fuel for India 2021, WhatsApp said that it had familiarised villagers from 500 villages across Karnataka and Maharashtra to sign up for UPI payments, set up UPI ID and provided training on the safety aspects of using digital payments. The Meta-owned company ran a pilot program, ‘Digital Payments Utsav’ in October 2021.

According to Abhijith Bose, WhatsApp India Head, WhatsApp’s reliability and user-friendliness will facilitate the adoption of UPI with the users, including those from the bottom of the pyramid. WhatsApp is on the mission to onboard millions of people to the country’s digital payment system, towards which it will educate more users on digital payments. The mission is to gradually transition people from a ‘cash-only’ way of life to ‘digital payments.’

WhatsApp has partnered with startup 1Bridge to implement the project at the grassroots.

Scaling up digital payments in India

Expanding the digital payment wing of WhatsApp is a vital part of its India strategy. The company plans to focus on four key areas in India – Fostering small and micro-business systems, easy access to business services, partnering to invest in social impact projects and growing digital payments.

WhatsApp launched Digital Payments in India in November 2020. The company processed 3.1 lakh UPI payments worth Rs 13.87 crores within the first month of its launch. In November 2021, the transacted value reportedly reached Rs 149.4 crore, making a 43.4% increase from Rs 104.2 crore in October 2021. Its supporting banking partners include the State Bank of India, Axis Bank, HDFC and ICICI.

To make the payment feature more visible on the platform, WhatsApp has added the rupee icon in the chat composer. WhatsApp has more than 530 million users in India.

Voice Message Preview feature rolled out

Meanwhile, WhatsApp has rolled out a preview feature for its voice notes for iOS and Android users. The users can now check the preview of their voice messages before sending them to the contacts. The feature works on both individual and group chats. The user has to touch the microphone button and slide it up to lock hands-free recording to use the feature. Here the user can see a stop button and trash can to discard the message. After recording the voice note, users can tap the stop button and hit play to listen to the message recorded.

Reported By

Reporter

An astute writer with a track record in writing and publishing content for various industries, Ria brings on board her wealth of experience in journalism and love for technology to TelecomTalk. When not writing or reading, she spends a copious amount of time daydreaming and finding obscure Japanese folklore on the internet.

Recent Comments

Shivraj Roy :

Out of topic Jio 5G tower with “5” rubbed off lol

Jio Delivers Data at 15 Cents a GB: Mukesh Ambani…

Faraz :

" This shift, however, will take three to four years " should be highlighted instead of hidden in article. It…

Airtel to Migrate to Standalone 5G FWA by December

TheAndroidFreak :

5G usage will decrease by 50% if Jio and Airtel increase tariffs even in December 2025. Trust me on this.

Vodafone Idea offers Deepawali Rewards: Full Details Here

TheAndroidFreak :

BSNL only has 20Mhz of 4G spectrum currently. That's not even deployed. How come that's advantage to BSNL? Vi has…

Vodafone Idea offers Deepawali Rewards: Full Details Here

TheAndroidFreak :

BSNL will be used by those who want to save some money. Those who have money will use private operators.…

Vodafone Idea offers Deepawali Rewards: Full Details Here

Load More
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments