San Francisco/New Delhi: WhatsApp will soon facilitate instant money transfer via the Unified Payments Interface (UPI) transaction system, shows a new Beta update by the Facebook-owned mobile messaging platform.
According to a blog website WABetaInfo late on Wednesday, WhatsApp was finally giving shape to its plans towards bank-to-bank transfer using the UPI system.
In the new version ‘2.17.295’ through the Google Play Beta Programme, it says: “WhatsApp Payments: the immediate bank-to-bank transfer with UPI.”
The official “WhatsApp Payments” section for Android is still under development.
“In order to use WhatsApp Payments, you will have to accept the WhatsApp Payments and Bank Terms and Privacy Policy,” the blog added.
Launched by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank of India (RBI), UPI facilitates the instant fund transfer between two bank accounts on the mobile platform
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