Technology, Business

November 06, 2020

WhatsApp rolls out payments service in India

Source: Pexels (Anton) 

The Gist

India is one of WhatsApp's biggest markets with over 400 million users. 

The List

  • WhatsApp has been testing its payments service in India for over 2 years.
  • The announcement comes after India's financial regulator gave them the green light to begin operations. 
  • WhatsApp now makes it possible to transfer money between users directly to their bank accounts or debit cards. 
  • Payments are made via India's UPI system, a payments infrastructure made by some of the country's largest banks, which have partnered with WhatsApp. 

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