Home General News WhatsApp updates its privacy policy before full launch of its payment service...

WhatsApp updates its privacy policy before full launch of its payment service in India

Over one million users are “testing” the new WhatsApp payment feature in India.

On June 23rd, 2018 WhatsApp stated that it is updating its services and privacy policy terms before the full launch of the service to “reflect the addition of payment interoperability features.”

WhatsApp has 200 million users in India and 1.5 billion users globally and one million users are testing its new payment feature in India. A WhatsApp spokesperson told PTI that “We’ll be updating our WhatsApp payments Service and Privacy Policy terms to provide simpler language on how the payments feature operates…..It also reflects the addition of payment interoperability features that we have added since the beta started.”

A spokesperson for WhatsApp stated that the App owned by Facebook is working closely with bank partners, National Payments Corporation of India (NPCI) and also the Indian government on the entire payments process. The NPCI has granted WhatsApp permission to help aid financial transaction with banks via Unified Payments Interface (UPI). The spokesperson further added, “We still do not have a launch date but this terms and policy update brings us one step closer to full launch.”

Paytm, one of the company’s competitors has been in beta testing for the last few months and industry watchers expect the company to launch the full service in the next few weeks

WhatsApp spokesperson said that “We’ve added new features like interoperability that requests additional information from users of WhatsApp payments  and  of any BHIM UPI-enabled app.” WhatsApp collects the information of when a user sends, receive or request a payment. The date time and reference number of the transition are also collected.

WhatsApp takes “All the information we have to operate, provide, improve, understand, customize, support, and market our services”. The spokesperson added, “This includes using the information to provide payments and customer support, to protect you and others using our services from fraud, abuse, or other misconduct, and to review your account activity….. to determine whether you continue to meet our Service Terms and Payments Terms.”

mm
Safdarali Rizvi
Safdarali Rizvi the management graduate. Has been an avid book reader all his life so naturally loves playing with his words. His curiosity for discovering futuristic opportunities drives him to enlighten the entire Geekymint team with exclusive and intriguing news. He has a real passion for calisthenics and sports. His management abilities and hunger for learning brings tremendous value to our team.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

The Best Cricket Streaming Websites in 2020 (Safe & Working)

What's up my geek squad? I hope all of you are doing fine and are safe at home. As we all know...

The Best Free Sports Streaming Websites (100% Working)

Hello my fellow netizens, haven't you ever wondered what is a good way to balance your work with your love of sports...

9 of the best Rainiertamayo alternatives to watch unlimited online free movies and tv shows

Movies and tv shows have entertained people since the 1960s. Earlier to that people used to go to fair and circus to...

9 of the best Mobdro alternatives for watching live tv in 2020

Modbro was one of the growing movies and live tv streaming sites with free unlimited content. Mobdro had its app on the...

The Best Torrent Search Engine Sites To Find Safe Torrents (100% Working)

Torrent search engines are not your regular web search engines like Bing or Google.A regular search engine like Google is usually spammed...

Popular

ThopTV – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick, FireTV

About ThopTV movies ThopTV has been around for many years, initially, a user could download the app for an Android Device directly through play store....

9 best ThopTV alternatives for free streaming and Live TV

Streaming apps like Netflix, Amazon Prime, Hulu etc have all become a household name, thus proving that the Internet is the new...

Cyberflix TV 3.2.0 – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC & Firestick

About CyberFlix TV CyberFlix TV is an online streaming app on which you can watch free movies and TV Shows. The app has been shut...

Mobdro – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick & FireTV 

About Mobdro Mobdro App is one of the latest introduction into the free movie streaming app market. Mobdro is rapidly dethroning some of the big...

Stock market expert Marc Faber makes his first investment in BTC

In what could be a significant uplift for the most famous digital asset, Bitcoin (BTC), earlier in the week, one certain Marc Faber announced...