Payments News » WhatsApp

WhatsApp to go ahead with ‘full feature’ money transfer service in India

February 16 2018

“WhatsApp will launch a “full feature” inter-bank money transfer service in India, its biggest market, after a test involving a million users, National Payments Corp of India said. Friday’s statement marks the de facto official launch of WhatsApp’s new service as NPCI is the body set up by the central bank and lenders to oversee […]

Companies

Almost 1 Million People ‘Testing’ WhatsApp Payments Service In India

June 18 2018

“The spokesperson added that WhatsApp is working closely with the Indian government, National Payments Corporation of India (NPCI) and multiple banks, including payment service providers, to expand the feature to more people and support India’s digital economy. WhatsApp had received permission from NPCI to tie up with banks to facilitate financial transactions via Unified Payments […]

Companies

WhatsApp Uses FB Platform For Payments In India, Provides More Details In New Privacy Policy

June 25 2018

“In an update to its privacy policy, Whatsapp Payments which has courted controversy around the way it handles payments data in India, clarified that they have limited visibility on the Indian consumer’s banking details and strictly abided by the norms of the Reserve Bank of India and the government of India regarding handling of payments […]

Companies

WhatsApp Is Getting Set To Be Africa’s Biggest Payments And Ad Platform

June 28 2018

“WhatsApp’s competitive advantage is in emerging markets, where its service almost always works, regardless of internet speed or available bandwidth. It’s the world’s No.1 messaging service, thanks to users from Latin America to Africa and most of Asia outside China. In these regions, there’s intense interest from local businesses that want to see WhatsApp commercialize—they […]

Companies

Facebook Faces Delay To WhatsApp Payments In India

July 20 2018

“India’s government is holding up Facebook Inc.’s plans for a nationwide launch of its WhatsApp payments service over concerns about how users’ data will be stored and other issues, according to people familiar with the matter. The country’s Ministry of Electronics and Information Technology, or MEITY, has asked WhatsApp and its partner banks to supply more […]