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WhatsApp 'Full Feature' Money Transfer Service Launching in India

Short by: NISHAN PUTHRAN 

WhatsApp will launch a "full feature" inter-bank money transfer service in India, its biggest market, after a test involving a million users, National Payments Corp of India said.
Friday's statement marks the de facto official launch of WhatsApp's new service as NPCI is the body set up by the central bank and lenders to oversee payment services.
The country's cashless economy got a boost after Prime Minister Narendra Modi-led government banned old high-value currency notes in late 2016, leading to a surge in online payment providers such as homegrown player Paytm, the biggest in India.

Read more at NDTV

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