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Instant messaging app WhatsApp, owned by Facebook Inc, is mulling a foray into digital payment services in India, its first such offering globally, and has advertised to hire a digital transactions lead in the country. A WhatsApp move into digital payments in India, its biggest market that is home to 200 million of its billion plus global users, would replicate similar moves by messaging apps like Tencent Holdings Ltd's WeChat in China. WhatsApp is working to launch person-to-person payments in India in the next six months, news website The Ken reported earlier on Tuesday, citing unnamed sources. A job advertisement on WhatsApp's website said it was looking for a candidate with a technical and financial background - who understands India's Unified Payments Interface (UPI) and the ...

Government will soon launch a mobile application to facilitate Aadhaar-linked digital payments and roll out a nation-wide programme to train over 1 crore people on e-payments. "We are going to promote Aadhaar-enabled payment system (AEPS) in coordination with Finance Ministry. About 40 crore bank accounts have been linked to Aadhaar," IT and Law Minister Ravi Shankar Prasad told reporters today. He said that the government is working on a plan to connect rest of the accounts with Aadhaar numbers. He said that there are biometric devices which can be connected to smartphones and convert a smartphone into a Point of Sale (PoS) machine. "We are developing a UPI enabled mobile application. It will be available in 2-4 days. Customer feed Aadhaar number, scan finger on the biometric,...

Tag: e-payment

Whatsapp Will Launch P2P Payment Service in India

Indian Govt Will Release Aadhaar Linked e-payments App Soon