Now, tech companies around the world have finally decided to jump he bandwagon before the market has matured. Facebook introduced payment transactions to its Messenger app in United States and is rumored to expand the service to India soon.
Facebook's other messaging product, WhatsApp hasn't made such move previously - until now. People have dug through the latest Android beta version's code and have found out that the app has hidden feature to support UPI payment model, standardized in India.
Beta version has TOS clauses that ask user to approve WhatsApp's payment policy and user's own bank's payment policy before proceeding with transactions.
Meanwhile, Paytm, a mobile payment company that has 200 million users in India, is rumored to add messaging capabilities to its payment app in near future. Thus, making the Paytm and WhatsApp to go head-to-head in India, where both companies have 200M+ active users.
Written by: Petteri Pyyny @ 11 Aug 2017 5:39