WhatsApp has finally began testing payments in India like it announced in July. The testing gives users access to send money to other users of the mobile app.
According to TechCrunch, the service is currently in beta tests though the facebook owned chat app has not officially made a statement since the service is currently avaliable to a limited number of users.
WhatsApp’s payment solution is supported by Unified Payments Interface (UPI) in India including support from a handful of banks. Customers who are part of the beta test have reported the function is live, with the list of supporting banks displayed in the app’s user interface.
By enabling payments in the app, WhatsApp will be competing against other digital wallet like Tez from Google, which already supports peer-to-peer (P2P) payments, and Hike, which has the backing of China’s Tencent. THis shouldn’t be a problem since WhatsApp has more than 200 million active daily users in the country.
In January, the company announced the launch of WhatsApp Business, a free Android app targeted at small and medium-sized businesses (SMBs). WhatsApp noted the new app will make it easier for small businesses to connect with customers, including its existing 1.3 billion users.