Ever since November 2016 (when India PM Narendra Modi’s demonetization move made 86% of the country’s currency obsolete), we’ve seen a huge spike in digital payments services in the country.
Paytm still remains the biggest and most-used digital payments platform, but other near-iniquitous services are eyeing the position. A few days back, we heard how Paytm
A few days back, we heard how Paytm was eyeing adding a WhatsApp-like chat service. In an interesting turn of events, WhatsApp is now allegedly exploring UPI payments.
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According to a leaked screenshot, WhatsApp has already rolled out a test version of its payments service. Based on the IMPS platform, UPI allows for immediate fund transfers.
Given the popularity WhatsApp enjoys in India, it would be a matter of time that this service becomes available to all users of the app. If you aren’t in the know, India has the biggest user base for WhatsApp amongst all countries the app is operating in.