{"id":34343,"date":"2017-07-11T10:16:30","date_gmt":"2017-07-11T10:16:30","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=34343"},"modified":"2017-07-11T10:16:30","modified_gmt":"2017-07-11T10:16:30","slug":"you-may-soon-be-able-to-make-payments-through-whatsapp","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/you-may-soon-be-able-to-make-payments-through-whatsapp.html","title":{"rendered":"You may soon be able to make payments through WhatsApp"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">You may soon be able to make payments through WhatsApp<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">You may soon be able to make payments through WhatsApp:- The world&#8217;s most-popular messaging application WhatsApp has received permission from the National Payments Corporation of India (NPCI) to enter into partnership with multiple banks to allow users to make in-app payments and money transfers using the Unified Payments Interface (UPI).<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">UPI enables account-to-account transfers from a mobile app without having any details of the beneficiary&#8217;s bank.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">A.P Hota, MD and CEO, NPCI, confirmed that WhatsApp has received a nod from the apex payments institution. The Facebook-owned WhatsApp had been in talks with banks for a while now.The approval for multi-bank partnership could put its payments business ambition on a fast track. Some of the banks WhatsApp is in talks with are Axis Bank, ICICI Bank and Punjab National Bank, among others.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">This is the first time that NPCI, an umbrella organisation for all retail payment systems in India, has approved a mobile app to enter into multi-bank partnerships.&#8221;Players like WhatsApp and Google are very large in size and thus partnering with multiple banks makes sense to ensure a smooth payments process. Google is now awaiting the Reserve Bank of India&#8217;s approval to go live on UPI,&#8221; said Hota.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Online merchants like Amazon and Uber are also in final stages of testing before enabling customers to make payments using UPI, Hota added. Flipkart and some other e-commerce companies have already started accepting UPI payments. Earlier, another mobile app Truecaller had entered into a partnership with ICICI Bank for payments using UPI.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Hota said, &#8220;We have permitted multi-bank partnership as WhatsApp did not want all transactions routed via one bank when payment loads are high.&#8221; Hota did not provide a timeline as to by when WhatsApp payments would be live on UPI.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">An email sent by TOI to a spokesperson for WhatsApp did not elicit a response till the time of going to print.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">For the latest news, tech news, breaking news headlines and live updates checkout Gadgetsnow.com<\/span><\/p>\n<p><span style=\"font-size: 8pt;font-family: Arial, Helvetica, sans-serif\">Source:-\u00a0http:\/\/www.gadgetsnow.com\/tech-news\/you-may-soon-be-able-to-make-payments-through-whatsapp\/articleshow\/59539405.cms<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/you-may-soon-be-able-to-make-payments-through-whatsapp.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>You may soon be able to make payments through WhatsApp You may soon be able to make payments through WhatsApp:- The world&#8217;s most-popular messaging application WhatsApp has received permission from the National Payments Corporation of India (NPCI) to enter into partnership with multiple banks to allow users to make in-app [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":34344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[21131],"class_list":["post-34343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-you-may-soon-be-able-to-make-payments-through-whatsapp"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/34343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=34343"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/34343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/34344"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=34343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=34343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=34343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}