WhatsApp Payments: NPCI says it will get public launch only after supporting interoperability

                                          

WhatsApp, the  social  messaging  service  owned  by  Facebook, started testing its peer-to-peer mobile payments service in India last week. The payments platform is not official yet. But it’s already raising alarm bells for security infringement in the Indian tech community.

WhatsApp peer-to-peer  payment service has the ability to bring a disruption of scale in India’s cash-driven economy. WhatsApp has over 200 million monthly active users in the country and the ease of use of its payments platform has the capability to transform all of those users into digital banking users and its most immediate victim could be Paytm, the home-grown digital payments provider.

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