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WhatsApp testing peer-to-peer payments feature in India

IANS  |  San Francisco 

Facebook-owned messaging service is testing a new payments feature in that aims to allow people to send money to their friends on the app, the media reported.

The feature is currently in beta, but has not been publicly announced because it is not widely available at this time, reported late on Thursday citing sources familiar with the company's plans.

When it is launched, the new payments feature could give popular digital wallet platform Paytm, and other messaging services that already support payments, including the recently launched Tez from a tough competition.

The payments feature would take advantage of (Unified Payments Interface) and include support by a number of banks, including the State of India, ICICI Bank, HDFC Bank, and Axis Bank, the report said.

Beta testers have now found their interface displaying a large list of supported banks and they can see a payments feature appear in their WhatsApp Settings menu.

In order to configure the feature, users must first verify their phone number via and then choose a

After the completion of the configuration, the option to send a payment becomes available.

WhatsApp currently has over 200 million monthly active users in

To help businesses communicate better with their customers in India, WhatsApp last month officially rolled out "WhatsApp Business" -- a free-to-download app for small businesses -- in the country.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 09 2018. 12:30 IST