Whatsapp may launch its new payment service in India by the end of May 2020
World's famous messaging application whatsapp may launch its new payment service in India via UPI by May end of this year. Kingpin of the communication world Mark Zuckerberg's Social Networking site Facebook ruling the entire world in the last decade. In the middle one mesaging service application gave too much competition to the facebook. Later the same messaging service was bought by Mark. After that whatsapp got lot of interesting updates. One among them is the payment service.
Entire world is running behind the digital transactions. To encourage such transactions among people may leading companies started their payment services and provide enormous offers. Like Paytm, Amazon pay, Google pay Mark also decide to make a step in payment service. There is no wonder why he decided to enter in this service. Since many people are using Whatsapp service, it may attract many people for east transaction during the usage of this messaging app. So it will be two goals in one kick from Mark.
As per the news from Money Control, Whatsapp is going to start the whatsapp pay service along with three leading banks in the country like HDFC, ICICI and AXIS. NPCI (National Payment Corporation of India) gave approval for starting the payment service which work based on UPI. Sources said like initially only 10 million people may get this payment service during launch. As per regulations others will get within few weeks after the launch.
Since almost 400 million customers are there in Indian market who are all already using other payment services. Whatsapp must have to compete with them to cover the customers. Definitely this will be the huge market for Mark in India if they satisfy customers with new features and offers in this payment service.
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Entire world is running behind the digital transactions. To encourage such transactions among people may leading companies started their payment services and provide enormous offers. Like Paytm, Amazon pay, Google pay Mark also decide to make a step in payment service. There is no wonder why he decided to enter in this service. Since many people are using Whatsapp service, it may attract many people for east transaction during the usage of this messaging app. So it will be two goals in one kick from Mark.
As per the news from Money Control, Whatsapp is going to start the whatsapp pay service along with three leading banks in the country like HDFC, ICICI and AXIS. NPCI (National Payment Corporation of India) gave approval for starting the payment service which work based on UPI. Sources said like initially only 10 million people may get this payment service during launch. As per regulations others will get within few weeks after the launch.
Since almost 400 million customers are there in Indian market who are all already using other payment services. Whatsapp must have to compete with them to cover the customers. Definitely this will be the huge market for Mark in India if they satisfy customers with new features and offers in this payment service.
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https://thesixthfinger.blogspot.com/
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