Mark Zuckerberg has confirmed that the company is actively working on the WhatsApp payment services to implement in Indian Market.
Speaking on the services of WhatsApp payment, Mr. Zuckerberg said, it is actively working on the service in India.
Mr. Zuckerberg said, “We have a test…running in India for WhatsApp.”
He also said, “We are hoping to launch in several other countries at some point.”
The Reserve Bank Of India had earlier reportedly stated that the WhatsApp payment service was stuck in beta test mode for the reason that it failed to comply with data localization standards.
WhatsApp Payments is a peer-to-peer money transfer Feature that is currently only accessible in India.
WhatsApp has received permission from the National Payments Corporation of India (NPCI) to enter into partnership with multiple banks in July 2017 to allow users to make in-app payments and money transfers using the Unified Payments Interface (UPI).
UPI enables account-to-account transfers from a mobile app without having any details of the beneficiary’s bank.