WhatsApp Pay is finally here!

Popular messaging app, WhatsApp has announced that you can now send money through the app. The announcement comes after the service received approval from the National Payments Corporation Of India(NPCI) which will go live on Unified Payment Interface (UPI) in the multi-bank model. 

This service was being tested for the last two years. 

As per media reports, NPCI has allowed Whatsapp to expand the UPI user base with a maximum registered user base of 20 million. In India, WhatsApp has over 400 million users. The move comes after NPCI in August had informed the Reserve Bank of India that WhatsApp had met data localisation requirements.

Before India, Brazil was the first country to allow the WhatsApp Payment Service. In India, WhatsApp will compete with the likes of Google Pay, PhonePe and Paytm, which will be very interesting to witness. 

WhatsApp Pay is now available in 10 regional languages across India and is available for both iOS and Android users once they update the app.