IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

Is WhatsApp exploring digital payments?

A peer-to-peer payment trial in India may herald a worldwide rollout - report

Whatsapp on a phone

WhatsApp may be about to test peer to peer payments among 200 million users, according to reports.

A report from Indian publication The Ken (via TechCrunch) claims that "Whatsapp plan[s] to use UPI, a cross-bank payment system backed by the government, to begin [to] enable payments between users within the next six months." The trial would take place in India, where WhatsApp users number 200 million.

A job posting on the WhatsApp website showed a vacancy for a "Digital Transactions Lead, India", where responsibilities include to "collaborate with banks to resolve WhatsApp user issues" and "Help scale global support for digital transactions on WhatsApp".

Facebook already allows you to transfer money via the Messenger and now has set its sights on bringing the service to WhatsApp's reported 1.2 billion global users but will apparently test the service out in India first.

Digital payments are reportedly on the rise in India due to Prime Minister Narendra Modi's decision to withdraw a number of banknotes last November and the government is encouraging digital payment services as well. Swedish app Truecaller has its eye on the market too as it launched a mobile payment service in the country last week.

India has attracted other companies too, with Apple recently saying it would start iPhone production in India.

IT Pro has approached WhatsApp for comment.

Featured Resources

Big data for finance

How to leverage big data analytics and AI in the finance sector

Free Download

Ten critical factors for cloud analytics success

Cloud-native, intelligent, and automated data management strategies to accelerate time to value and ROI

Free Download

Remove barriers and reconnect with your customers

The $260 billion dollar friction problem businesses don't know they have

Free Download

The future of work is already here. Now’s the time to secure it.

Robust security to protect and enable your business

Free Download

Recommended

Move to business messaging and let richer connections begin
Whitepaper

Move to business messaging and let richer connections begin

12 Sep 2022
Talking to a business should feel like messaging a friend
Whitepaper

Talking to a business should feel like messaging a friend

12 Sep 2022
Goodbye broadcasts, hello conversations
Whitepaper

Goodbye broadcasts, hello conversations

12 Sep 2022
Remove barriers and reconnect with your customers
Whitepaper

Remove barriers and reconnect with your customers

12 Sep 2022

Most Popular

How to secure your hybrid workforce
Advertisement Feature

How to secure your hybrid workforce

23 Sep 2022
The human brain is far more complex than AI researchers imagine
artificial intelligence (AI)

The human brain is far more complex than AI researchers imagine

17 Sep 2022
The cryptocurrency implosion shows we’re heading for the end
cryptocurrencies

The cryptocurrency implosion shows we’re heading for the end

29 Sep 2022