Neighbourhood Technology Desk: Almost one million people in India are “testing” Whats App’s payments service, and the company is working with the Indian government, NPCI and multiple banks to further expand the feature to more users. It rivals the likes of Paytm, has been in beta testing over the last few months. The Facebook-owned company hasn’t yet announced a launch date but industry watchers expect it to happen in the next few weeks. Spokes person added that Whats App is working closely with the Indian government, National Payments Corporation of India (NPCI) and multiple banks, including payment service providers, to expand the feature to more people and support India’s digital economy.
Whats App had received permission from NPCI to tie up with banks to facilitate financial transactions via Unified Payments Interface (UPI). Concerns have been growing around security of consumer data on various online social media platforms, especially after the data breach incident at Facebook where data of about 87 million users are harvested illegally by data analytics and political consultancy firm Cambridge Analytica.