After serving 1 million users for over two years in test mode, WhatsApp Pay is finally launching in India. The company first launched the payment service in the country in 2018, but faced regulatory hurdles in getting approval for a full-fledged launch. WhatsApp‘s payment system is based on a standard called Unified Payment Interface (UPI), defined by the National Payments Corporation of India (NPCI). The company uses the same methods as other incumbent apps such as Google Pay, Walmart-owned PhonePe, and India‘s Paytm. Initially, WhatsApp is partnering with five banks in the country to facilitate payments: We’re delighted to be working…
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