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Why WhatsApp's entry into payment arena could change Indian banking forever

अब WhatsApp से भी भेज सकेंगे रुपए, ये है तरीका After months of anticipation, WhatsApp rolled out its payments feature to select users across the country to much enthusiasm this week, providing a strong boost to India’s digital payments ecosystem. But that didn’t almost happen because of the company’s foreign origin. Turns out, this was WhatsApp’s second endeavour to enter India’s payments market. Why Google Assistant is the Future of Ai ? Last year, the messaging app, the largest in India, tried to partner with a private bank in the country to develop a digital wallet app to facilitate payments on its platform. That was when it ran into a reluctant Reserve Bank of India. The regulator was not ready to allow a foreign entity to enter India’s digital payments space, according to multiple stakeholders ET spoke with to piece together the story behind WhatsApp payments. Zen Experience on Your Android Phone “Non-bank entities applying for authorisation shall be a company incorp...