Whatsapp payment

WhatsApp is likely to launch the Payments Option on the platform within next week to increase competition for Payment services Apps like Paytm, Google Tez that dominates the e- payment services, e- wallet market. Whatsapp payment

According to a report published in Bloomberg, the Facebook-owned company could roll out its payment service on WhatsApp as early as next week, for which it has partnered with top three private banks in India — HDFC Bank, ICICI Bank and Axis Bank. The country’s largest bank State Bank of India would also join in once all “necessary systems” would be in place.

With WhatsApp’s Active¬†200 million users that is aleady 20 times higher than Paytm’s daily active users, it already has a huge advantage for it’s Customer base and will also be a little more good for Users as they will have to no longer download several other e-payments apps to do online transactions. It will be interesting to watch the feature.

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