Preparations have been going on for the last two years on payment in Facebook-owned instant messaging app WhatsApp. Apart from this, now there is news that WhatsApp Pay can be launched in India soon. Apart from this, WhatsApp Pay has got a license from the National Payment Corporation of India (NPCI). Apart from this, payment can be made with the help of the Unified Payment Interface (UPI) under WhatsApp after getting the license from NPCI. The company has been beta testing for WhatsApp payments since 2018.

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WhatsApp has partnered with ICICI Bank. Apart from this, WhatsApp has not yet officially confirmed the license from NPCI. According to a report by Business Standard, about 1 crore people will get access to WhatsApp Pay in the first phase, although the number of WhatsApp users in India is beyond 40 crores. For your information, let us know that only last week, Facebook CEO Mark Zuckerberg said that in the next six months, WhatsApp will go live in many countries, including India.

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Apart from India, WhatsApp will also be launched in Brazil, Indonesia, and Mexico. Security is the biggest reason for not approving WhatsApp Pay in India. Many cyber experts have also raised concerns about the security of WhatsApp, with security bugs being detected one after another in WhatsApp over the past few months. According to a report published in August last year, digital in India is growing at a rate of 12.7 percent every year.

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