Business Concerns for banks as WhatsApp adds payment – The Guardian Nigeria Newspaper

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Whatsapp has introduced payments to its messaging app in India, making it the latest service to let users transfer money to one another with a text.

After the pilot in India, this peer-to-peer payments, would be available in Nigeria and other African countries and it will have profound effect on banks already hemorrhaging from revenue losses.

With the new service, users can now link their bank account to their WhatsApp account via Unified Payments Interface (UPI) and begin making payments straight to another user’s bank account through a WhatsApp chat


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Read more via The Guardian Nigeria Newspaper – http://ift.tt/2F7GT1f

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