WhatsApp is preparing it’s app for mobile payments in India. WhatsApp agreed to use UPI and has received a license.
In February of this year, co-founder Brian Acton spoke with the Indian minister of IT about the integration of mobile payments into WhatsApp. In June, discussions were held with various Indian banks and institutions to use UPI for this.
UPI stands for Unified Payments Interface and is a mobile payment system between banks in India. It allows you to make payments with an app without having bank details from the recipient.
Now, WhatsApp agreed to work with UPI and has received a license from NPCI (National Payments Corporation of India).
A screenshot from WABetaInfo shows that WhatsApp is busy preparing the app. The screenshot of “WhatsApp Payments” shows the home screen for mobile payments via UPI.
Like WhatsApp’s business application, payments will first be launched in India. Whether and when other countries are able to make payments through WhatsApp is not known.