Check Out WhatsApp's New Features

WhatsApp has confirmed long-rumoured plans to roll-out its in-app payment system, allowing users to transfer money within the chat app.

WhatsApp will now enable users to send money to one another inside the app
WhatsApp will now enable users to send money to one another inside the app
If you owe your friends money, WhatsApp has a simple new method to pay them back – without leaving your chat window.

WhatsApp this week confirmed plans to bring wireless money transfers to its chat app.

The rollout comes after a beta trial of the new peer-to-peer payment system was trialled on around one million WhatsApp users.

The Facebook-owned messaging app will now push-out the functionality to every user in India – its biggest market, it has confirmed.

WhatsApp started to launch a limited service in India, where it has currently holds more than 200 million users, last week.

At present, India’s third-biggest lender ICICI Bank processes the fund transfers on WhatsApp.

WhatsApp’s popularity in India is likely to pose a threat to established players.

However, it has entered a very competitive market, with Alphabet Inc’s Google debuting a payments app last year to compete with local players.

Facebook, which bought WhatsApp for a record $19 billion back in February 2014, has already added a peer-to-peer payment solution to its Messenger chat app.

Meanwhile, Apple introduced the ability to send money via Apple Pay within its iMessage chat service with the launch of iOS 11.2 in the United States last year.

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