New news about 'WhatsApp Payments' came out, Know when it will be launched
New news about 'WhatsApp Payments' came out, Know when it will be launched
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Popular messaging platform WhatsApp for its users has already made an announcement related to the payment option and now according to the reports, the service will be launched by the end of this year. In its statement, WhatsApp India has said that the company is preparing to bring payment services to India by the end of the year. The company is testing this service on an invoice-only basis since 2017. However, even after two years, it has not been offered officially in the Indian market by WhatsApp.

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For your information, let us know that this information related to the launch has come out after about two months of the previous reports from WhatsApp Payments Service. About two months after the last update, due to the update related to the launch, it cannot be said from now what will be the timeline of the official launch of this service. However, WhatsApp India head Abhijeet Bose has given a new update in an interview to The Economic Times. In the interview, he said, 'We hope that by the end of the year we will give this service to the users.' The company can integrate its payment system with WhatsApp for Business App.

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WhatsApp also wants to enable its payment system with 'end-to-end communication cycle', so that the app can be encrypted between customers and small businesses with the help of an app. With the help of this, not only will the sales of small businesses increase, but the payment experience will also be better. Abhijeet said that WhatsApp for Business API is not free like chatting app because Business API is a completely different product. Also, the new payment system on the app will support all the big and small businesses with the upcoming updates. According to previous reports, WhatsApp has also started an audit for its data practices.

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In October last year, WhatsApp said that it has developed a system to store payments-related data in India. He said that this is according to the policy of the Reserve Bank of India (RBI) to store such data in the country. The RBI and NPCI have made it mandatory to store commercial data in the country, but India also wants to ensure the security of personal data through a personal data protection bill. Let it be said that India is the largest market in the world for WhatsApp. Its payment service is going to compete with Paytm, PhonePe and Google Pay.

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