Note: Above image is (C)copyrights… some one on Google Image.
WhatsApp is running a pilot project in India for payment service; currently this service is only tested for 1 million users.
As per the RBI (Reserve Bank of India’s) regulation all payment system operators in India must move to a system of storing transaction data within India. WhatsApp has built its system in India which stores payments-related data information locally in India only as per the RBI guidelines.
Still WhatsApp require approval from National Payments Corporation of India (NPCI) for a full-fledged roll out as it has not clarified whether such data is being shared with any third party like its parent Facebook.
Once WhatsApp get clearance we will have one more may payment option in our Mobile; base on the number of WhatsApp users it looks in near future we may find a large amount of Indian public making online payment through mobile device.