Whatsapp, the popular messaging app is currently working on person to person payment system. While WhatsApp may seem to be focusing on peer-to-peer payments, the Facebook-owned app is already home to several businesses that stand to benefit via an in-built payments feature. Could WhatsApp Payments become as ubiquitous in India as WeChat Pay is in China? City-based payments platform Razorpay, which processes 24 million transactions a month, is certainly betting on it.!
Right now WhatsApp Payments – if you’ve received the feature – lets you send and receive money from people. That’s great if you’re running your business only via WhatsApp, but not if you also allow people to buy your goods elsewhere. Enter Razorpay, which has integrated WhatsApp Payments into its platform used by digital businesses that aims to make that possible on Android devices.