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WhatsApp’s New Payment Feature, A Major Concern To Nigerian Banks.

WhatsApp came up with another interesting upgrade a few days ago in India. The New payment feature will enable users to send money to friends from a WhatsApp chat. This feature will be available in Nigeria soon.

With the new Payment Feature, clients would now be able to connect their financial balance to their WhatsApp account by means of Unified Payments Interface (UPI) and start making installments straight to another client’s ledger through a WhatsApp chat.

Whatsapp-Payment

Nigerian Banks are worried because if WhatsApp turns out to be extremely fruitful in payments, it might turn into a little bank of itself. At the end of the day, if individuals choose to leave cash in their wallets without moving them to their financial balances, most banks would battle [liquidity issues]”

For what reason will an average Nigerian go to the ATM to make exchange that causes charges or open bank computerized wallet to influence exchange when I to can without much of a stretch execute it straightforwardly from my WhatsApp application?

About Michael Iyeyi

Michael Iyeyi, CEO of Alphatekng.com is a humble tech enthusiast, a blogger, and a music freak with passion to impact lives positively.

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