Popular messaging app WhatsApp would launch its payments system in the next 6 months. Facebook CEO Mark Zuckerberg made an announcement in this regard. However, the WhatsApp Pay (name of the payments app) is not looking to come to India anytime soon.
Though WhatsApp planned to roll it out first in India last year but things didn’t went it’s way. WhatsApp was in news for all the wrong reasons from the past 2 years. Fake news, rampant scams and the connection to Facebook and its data privacy issues tarnished its image.
Moreover, in India WhatsApp has been testing UPI payments since 2018. However, Paytm founder Vijay Shekhar Sharma raised certain concerns over security and privacy in WhatsApp Payments last year. Thus, blocking its approval for full roll-out in India.
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At present, the app is still available in beta mode in India but cannot add new users until it gets the full approval from the Reserve Bank Of India and the NPCI. With the approval pending and fresh controversies like data localization and spying incidents hitting it hard the payments app looks no way close to its launch in India.
