WhatsApp, the popular messaging platform, is reportedly exploring new horizons in the financial sector by testing international payments via the Unified Payments Interface (UPI) for Indian users. This move aims to expand WhatsApp’s financial services and provide users with more convenient and accessible payment options.
International Payments on WhatsApp through UPI for Indian users.
This is currently not available for users. But WhatsApp might be working on it as I couldn’t find anything on Google about it.
Apps like Phonepe, GPay and some others already support this. #Whatsapp pic.twitter.com/OE2COo89eZ
— AssembleDebug (@AssembleDebug) March 25, 2024
Key Points
WhatsApp is reportedly testing international payments via the Unified Payments Interface (UPI) for Indian users.
Users may have the option to set a maximum period of three months for international payments through WhatsApp.
The feature aims to boost WhatsApp’s financial services and cater to a broader user base in India.
Features
The leaked screenshots reveal a new “International Payments” option in WhatsApp’s Payments menu.
Users can select start and end dates for international payments, providing flexibility and control over transactions.
Activation of the feature requires entering the UPI PIN for authentication.
International payments allow users with Indian bank accounts to send money to select international merchants securely.
Tipster’s Insights
Tipster @AssembleDebug shared details about WhatsApp’s potential integration of international payments through UPI.
The leak hints at WhatsApp’s efforts to enhance its financial offerings and compete in the digital payments space.
Benefits
Users can conveniently send money to specified international merchants using WhatsApp’s international payment feature.
The functionality depends on the availability of international UPI services in the recipient country.
WhatsApp’s three-month transaction period for international payments adds flexibility to users’ payment options.
Competitors
Google Pay and other UPI platforms also offer international payment services, albeit with varying transaction periods.
For instance, Google Pay provides a transaction period of seven days, showcasing competition in the digital payments market.
Conclusion
WhatsApp’s testing of international payments via UPI represents its ongoing efforts to evolve its financial services ecosystem. By introducing this feature, WhatsApp aims to simplify cross-border transactions for Indian users and stay competitive in the rapidly evolving digital payments landscape. Keep an eye out for further developments as WhatsApp continues to enhance its financial capabilities.
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