Amid demonetization in India late last year, mobile wallet apps such as Paytm and MobiKwik emerged as the big winners, reporting astronomical growth. But the biggest challenger yet is about to join the race.
WhatsApp is India's most popular instant messaging app, and they're introducing person-to-person payment solutions in the country, according to a report on The Ken.
The company is in talks with the government to add support for UPI, a new payment system by the National Payments Corporation of India (NPCI). UPI is open to third-party services, making payments is as fast and easy as sending a text message. Read more...
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