WhatsApp has been trying to reinvent its revenue model, as it announced when it waived off the annual $1 fee for all consumers. A new report by ET states that the Facebook-owned leading messaging platform is looking into adding UPI payment interface to its app, powered by SBI. (हिंदी में पढ़ें)
With the UPI integration, peer to peer money transfers (between bank accounts) will be possible directly via WhatsApp.
“Due to the complexity of the architecture, WhatsApp is in discussions with the State Bank of India, NPCI and few other banks to devise ways to integrate their systems with the bank and with NPCI,” a senior SBI official told the publication.
UPI adoption is rapidly increasing in India. Several major wallets and apps have already integrated or are in the process of integrating UPI payments, but a money transfer privilege being added to a ubiquitous platform like WhatsApp should be a big push for the digital economy.
That’s not all, WhatsApp is also testing another exciting feature. Reportedly, it will soon allow users to transfer all types of files through the chat window! There is a limit though. You will be able to transfer up to 100MB file on Android, 128MB one on iOS and 64MB on WhatsApp web.
Currently, the feature is being rolled out to a few users and is under beta testing. Which implies that it could officially roll out for all users very soon.