Mark Zuckerberg said payments will be available in 10 Indian regional language versions of WhatsApp.
California (United States):
No fees will be charged when sending money via WhatsApp, Facebook CEO Mark Zuckerberg said on Thursday following a nod from the National Payments Corporation of India (NPCI) to have WhatsApp implemented. row on UPI in the multi-bank model.
Speaking through a video statement, Mark Zuckerberg said he would be backed by more than 140 banks.
“Now you can send money to friends and family through WhatsApp as easily as sending a message. There is no charge, and it is supported by over 140 banks. And since it’s WhatsApp, it’s also secure and private, ”he said.
He added that payments would be available in 10 Indian regional language versions of WhatsApp.
“All you need is a debit card with a bank that supports UPI and you can set it up right away. You can find it in the latest version of WhatsApp,” he said.
“We worked on this with the National Payments Corporation of India, which oversees everything to ensure its security and reliability. And we built it using India’s Unified Payment Interface, making it instantly easy for anyone to do. accept payments on different apps – and for businesses to deliver quality services to people, ”he added.
“When people can access financial tools, they are better able to support themselves and others or start a business. In the long run, we need more innovations that put people in control of their money, and making payments easier is a small step that can really help, ”he said while adding that India is the first country to do something like this.
On November 5, the NPCI said that WhatsApp could expand its UPI user base gradually starting with a maximum registered user base of 20 million UPI.
NPCI was incorporated in 2008 as an umbrella organization for the operation of retail payment and settlement systems in India.
