- Whatsapp, Most used messaging app in India
and larger user base is now planning to introduce inter bank money transfer feature. - Digital transaction has increased tremendously after Digital initiatives was taken by Modi Government which is rainforced by Demonetization that cleared all * High value currency from market and caused people to move towards online/Digital transactions to continue their business.
- Paytm a local startup has seen tremendous growth after 2016 post Demonetization compared to other companies like freecharge and mobikwik.
- Four banks will join whatsapp UPI and all transactions will be processed by ICICI.
- This feature is most likely to give competition to Google's Tez, Paytm, BHIM, Airtel payment bank and other UPI apps already functional in India
This is all for now, Thankyou guys for your visit. Feel free to post your comments.