Over a year ago now, we reported on claims that popular mobile chat platform WhatsApp was looking at introducing a peer-to-peer payments system, beginning with a rollout for users in India. Today, the first iPhone screenshots of such a system appeared online via social media, revealing a list of Indian banks that will apparently support the service at launch.

The images indicate that the WhatsApp payment method will utilize the Unified Payments Interface (UPI), an instant real-time payment system developed by National Payments Corporation of India that facilitates inter-bank transactions.

DVf1vjlWkAAHmfV
UPI is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform. The same system is also used by Swedish-based phone number lookup service Trucaller, which introduced user-to-user payments in India via a tie-in with ICICI Bank last April.

WhatsApp's UPI setup process appears to involve just a couple of steps, after which users can presumably instantly transfer cash to other WhatsApp users' bank accounts. The payment system could be ready for launch in India in the first quarter of 2018, although WhatsApp's plans for a similar payments system for users in other countries remain unclear.

Facebook has had a payments system in its Messenger app for some time in the U.S., but WhatsApp remains far more popular in India and is heavily used there as an e-commerce portal, despite not yet offering any features that specifically support the practice.

Top Rated Comments

Ramchi Avatar
52 months ago
I'd rather Whatsapp cash than Apple cash. That way I can pay anyone, including people without an iPhone. Again, this is another reason why Apple need to open up iMessage to the Android platform.
Yes cross platform peer-to-peer payment solutions with regulations is much better and preferable.

In India there are quite a few which are linked with Banks and Mobile Number with an underlying unquie infrastructure called Aadhaar biometric system which has validated eKYC on the fly data for easy enrolments and mass adoption even without smartphones (UPI Gateway allows through SMS)
Score: 2 Votes (Like | Disagree)
JRobinsonJr Avatar
52 months ago
Wow! The notion of peer-to-peer money transfers is good... but exactly how many of these do we need? Personally I wouldn't trust WhatsApp, FaceBook, or any other company that is not in the banking business (or at least working with the banks to ensure end-to-end security).
Score: 1 Votes (Like | Disagree)
TwoBytes Avatar
52 months ago
I'd rather Whatsapp cash than Apple cash. That way I can pay anyone, including people without an iPhone. Again, this is another reason why Apple need to open up iMessage to the Android platform.
Score: 1 Votes (Like | Disagree)

Popular Stories

iPhone 14 Mock pill and hole thumb

ProMotion Now Expected to Remain Exclusive to iPhone 14 Pro Models, Not Expand to Entire Lineup

Sunday January 16, 2022 8:56 am PST by
Continuing the tradition set with the iPhone 13 Pro, only the highest-end iPhone 14 models will feature Apple's ProMotion display technology, according to a respected display analyst. Ross Young, who on multiple occasions has detailed accurate information about Apple's future products, said in a tweet that ProMotion will not be expanded to the entire iPhone 14 lineup and will remain...
AirPods Pro Gen 3 Mock Feature Red

AirPods Pro 2 Could Start a New Accessory Ecosystem

Friday January 14, 2022 2:34 am PST by
Apple's second-generation AirPods Pro could arrive alongside a new series of accessories, recent leaked images suggest. Alleged leaked photos of the next-generation AirPods Pro obtained by MacRumors showed a charging case with a metal loop on the side for attaching a strap. Apple has not used this design for any of its other AirPod models and it is unclear why it would be added in this...
Unlikely Products 2022 Feature

Six Rumored Apple Products You're Unlikely to See This Year

Saturday January 15, 2022 2:06 pm PST by
Much has been said about what consumers could see from Apple in 2022, but the company is also working on a handful of rumored products that aren't expected to be unveiled for at least another 12 months, and in some cases a lot longer. Of course, that's assuming they get released at all. Apple works on many potential products some of which ultimately never see the light of day. With that in...
safari icon blue banner

Safari Bug Allows Websites to Track Your Recent Browsing Activity in Real Time

Sunday January 16, 2022 3:37 pm PST by
A bug in WebKit's implementation of a JavaScript API called IndexedDB can reveal your recent browsing history and even your identity, according to a blog post shared on Friday by browser fingerprinting service FingerprintJS. In a nutshell, the bug allows any website that uses IndexedDB to access the names of IndexedDB databases generated by other websites during a user's browsing session....
ipad air 4 video

New iPad Air Rumored to Launch This Spring With A15 Chip, 5G, Center Stage Camera, and More

Saturday January 15, 2022 8:05 pm PST by
Apple is planning to release a fifth-generation iPad Air with similar features as the sixth-generation iPad mini, including an A15 Bionic chip, 12-megapixel Ultra Wide front camera with Center Stage support, 5G for cellular models, and Quad-LED True Tone flash, according to Japanese blog Mac Otakara. Citing reliables sources in China, the report claims that the new iPad Air could be...
netflix2

Netflix Again Raises Prices for All Plans, 4K Streaming Now $20 Per Month

Friday January 14, 2022 12:46 pm PST by
Netflix today updated the prices for its streaming plans, and all of its offerings are now more expensive. The Basic plan is now priced at $9.99 per month, the Standard plan is priced at $15.49 per month, and the Premium plan is priced at $19.99 per month. The Basic plan is $1 more expensive, up from $8.99 per month. This plan allows users to watch on just one screen at a time, and it limits ...
top stories 20220115

Top Stories: iPhone 14 Pro Rumors, iCloud Private Relay Controversy, iOS 15.2.1 Released, and More

Saturday January 15, 2022 6:00 am PST by
Hole-punch? Pill? Hole-punch and pill? Rumors about what the front camera system on the iPhone 14 Pro will look like are evolving rapidly, and it now appears we might be getting a novel but potentially controversial design later this year. Other major stories this week included some confusion and controversy about iCloud Private Relay being disabled for some T-Mobile customers, increasing...
iPhone 14 Mock pill and hole 16x9 120hz

Analyst: All iPhone 14 Models to Feature 120Hz Displays, 6GB of RAM, and More

Friday January 14, 2022 7:02 am PST by
Apple is rumored to announce four new iPhone 14 models in September, and ahead of time, analyst Jeff Pu has outlined his expectations for the devices. In a research note with Haitong International Securities, obtained by MacRumors, Pu claimed that all iPhone 14 models will feature ProMotion displays, compared to only Pro models currently. ProMotion enables a variable refresh rate up to 120Hz ...