Android Century
  • Home
  • Android Zone
    • Android Apps
    • Android Games
    • Apps APk Files
    • Games Apk Files
    • Apps Hack Tricks
  • Reviews
  • Fantasy Zone
    • Entertainment
    • Quotes and Status
    • Life Style
    • Home Made Tips
    • Hair Care
    • Skin Care
    • Fantasy Tips
  • Tricks
    • Free Recharge
    • Free Internet
    • shopping Cashback
    • Recharge Cashback
  • Tech
  • Mobiles
  • Gadgets
  • News
  • How To's
  • Software
Breaking
Loading...

Featured post

How to Take Great Photos With Apple's iPhone X

Recent Posts

Labels

  • Android Apk Files
  • Android Apps
  • Android Games
  • Apps Apk Files
  • Entertainment
  • Fantasy Tips
  • Gadgets
  • Hair Care
  • HomeMade Tips
  • How To's
  • News
  • Quotes
  • Quotes & Status
  • Recharge Cashback
  • Recharge Promo Codes
  • Shopping Cashback
  • Technology
  • skin care
Home / News / WhatsApp Payments now live in India

WhatsApp Payments now live in India

Latest Govt. Jobs 15:16:00 News Edit
Image result for WhatsApp Payments live in India on Android, iOSWhatsApp Payments feature is live for some Android and iOS users in India: Here are details on the Privacy policy, terms and conditions.
WhatsApp’s Payments feature has gone live in India for some users on Android and iOS. While not all users will see Payments on their phone yet, the feature is working for us on iOS and Android. WhatsApp is yet to confirm when it roll-out will be complete for all users. The beta testing for Payments has been gone going for sometime now.
The Payments feature is only live for the India market. It is based on India’s United Payments Interface (UPI) and this platform is being tested by other players as well. Facebook Messenger for instance is expected to add UPI as well. WhatsApp has also kept Payments as a peer-to-peer system, and merchants are not yet supported. Here’s a look at the terms and conditions and the privacy policy of WhatsApp Payments feature.
WhatsApp Payments feature: Key terms and conditions to keep in mind
First, WhatsApp has set an age limit for using Payments. A user will need to be at least 18 years old to use the feature in order to send and receive money on the platform. The company has not yet confirmed how it will confirm the age of the user.
WhatsApp says it will now include “the ability to send and receive payments through designated payment service providers (“PSPs”) in India (“Payments”).” The terms and conditions add that WhatsApp is not a licensed financial institution, do not receive, transfer, or store any funds in connection with Payments, and are not responsible for UPI service interruptions or acts or omissions of PSPs or your bank including the payment, settlement, and clearance of funds. You have a separate relationship with your bank regarding your bank account, and WhatsApp has no affiliation with your bank in this respect.”
The Facebook-owned app has partnered with ICICI Bank for processing the transactions via UPI. Users will also need to agree to the PSP’s terms and privacy policy, which is ICICI Bank in this case. WhatsApp then goes on to list some conditions for using Payments.
Users will need a phone number with the country code for India in order to use Payments. They will also need a bank account, where UPI is supported in order to use the new feature since WhatsApp is relying on this platform for the transactions. Also the phone number, which is being used for WhatsApp has to be same phone number linked to the bank account.
WhatsApp says the user “must be an owner of the bank account” which is being used to “send and receive funds through Payments.” Once this is confirmed, WhatsApp creates a virtual payment address associated with the WhatsApp account. Users who do not have a UPI Pin for authorising transactions will be asked to create one as well. This UPI Pin is needed to confirm payments.
The terms and conditions also talk of fees and taxes. According to this, the user has to pay any fees arising out of use of Payments, including “any overdraft, transaction, or other fees charged by your bank, PSPs, or WhatsApp.”  On taxes it says that any income received from Payments has to be reported for tax purposes. The terms go on to note, “WhatsApp is not responsible for withholding, collecting, reporting, or remitting any sales, use, value added, or other tax arising from any transaction you complete using Payments.” 
Regarding use of Payments, WhatsApp says user are responsible for payment of the amount and they have to ensure the bank account has sufficient funds before carrying out any transaction through Payments. All payment transactions are final, according to the company. There is no option for refunds or chargebacks.
Finally, WhatsApp says Payments should only be used for “legal, authorized, and acceptable purposes,” and that WhatsApp or the Payment Service Provide (PSP) can impose, restrict a user’s ability to carry out transactions if they believe the terms are violated. WhatsApp also says it has no responsibility for any goods or services sold or purchased using the new service.
WhatsApp Payments: Key features of Privacy policy and user data
The privacy policy for WhatsApp Payments notes that those who agree to the service are also agreeing to the company’s “data practices, including the collection, use, processing, and sharing of your information as described in our Privacy Policy and our Payments Privacy Policy, as well as the transfer and processing of your information to the United States and other countries globally where we have or use facilities, service providers, or partners, regardless of where you use Payments.”
WhatsApp also lays out what data it will be collecting when a user registers for Payments. The bank account, partial debit card number, debit card expiration date, ATM Pin or UPI pin will need to be submitted in order to use the service. WhatsApp says “We receive your debit card details and ATM PIN or UPI PIN securely, and we do not retain this information.” 
On payment transaction information, WhatsApp says “payment transaction information is handled securely. Messages sent with payments are delivered once the transaction has processed and are treated as described in our Privacy Policy.” WhatsApp is automatically collecting information when a user sends or receives a payment, including the date and time, the sender and receiver’s VPA and name, and reference transaction number, according to the privacy policy.
The app confirms it is working with third-party providers and services for Payments and these might give WhatsApp information about Payments transactions in certain circumstances. Examples listed by WhatsApp of the kind of information include information to confirm registration, name, account status, transaction reference IDs, risk or fraud alerts, etc. It goes on to add that some information could be shared with Facebook as well.
The paragraph reads, “We share information with third-party services including PSPs, such as your mobile phone number, registration information, device identifiers, VPAs, the sender’s UPI PIN, and payment amount .To send payment instructions to PSPs, maintain your transaction history, provide customer support, and keep our Services safe and secure, including to detect, prevent, or otherwise address fraud, safety, security, abuse, or other misconduct, we share information we collect under this Payments Privacy Policy with third-party service providers including Facebook.”
WhatsApp also says that all of this information will be used to help it  “operate, provide, improve, understand, customize, support, and market Payments.” Additionally, the PSPs may also collect, use, and share information as set forth in their privacy policies.
Finally, it looks like WhatsApp will bring Payments to business account. The terms and conditions say that a Business using their service must comply with all terms of services, including for Payments. It also says that a Business will need to explain all terms, fees to their customers if they are using Payments for carrying out any transactions.
Share on Facebook Share on Twitter Share on Google Plus

RELATED POSTS


Alcatel 1x with Android Oreo (Go ed...

Huawei P20, P20 Pro, P20 Lite price

Xiaomi Redmi 5 with 18:9 display
WhatsApp Payments now live in India WhatsApp Payments now live in India Reviewed by Latest Govt. Jobs on 15:16:00 Rating: 5

0 comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments ( Atom )

Search This Blog

TEST BOOK FOR GOVT ENTRANCE TEST

TEST BOOK FOR GOVT ENTRANCE TEST
Find All Latest book for preparation of SSC,RAILWAYBANK PO,RBI,BANK CLERK,GATE ME,GATE CE are available here in less prices, to check out the books click here

Translate

  • Popular Post
  • Random posts
  • Category

Popular Posts

  • Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Refer & Earn Offer:  Hey Guys! Today I make an article about Teen Patti Referral ...
  • Hands-on with the home windows 10 Creators update for the Xbox One: Beam recreation streaming arrives
    The Windows 10 Creators Update is here, now—yes,  now —but not (officially) on the PC. The ...
  • Taotronics TT-BH22 Headphones Review
    We make it a addiction to now not look up pricing of a product sooner than reviewing and if ...
  • Jio effect: Telcos may have to cut data rates 2017
    India's big  telecom  companies,  Bharti Airtel ,  Vodafone India  and  Idea Cellular , will be ...
  • How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks For Rooted Bluestacks Only Requirements: ...
  • WhatsApp now lets you search for GIFs from within its interface
    Spicing up your conversations with GIFs is easier than ever before. The latest update ...

Random Posts

  • Take a look at Louis Vuitton's iPhone 7 case, costs a whooping $5000
    Take a look at Louis Vuitton's iPhone 7 case, costs a whooping $5000
    10.03.2017 - 0 Comments
    You've just splurged on the latest iPhone 7. Now give it a makeover. Luxury fashion house Louis…
  • Netflix debuts on Firefox for Linux, however not everybody's happy approximately it
    Netflix debuts on Firefox for Linux, however not everybody's happy approximately it
    24.03.2017 - 0 Comments
    Firefox on Linux is now playing Netflix, but not everyone is happy about it. The streaming video…
  • Blu Life Max (2017) review
    Blu Life Max (2017) review
    10.03.2017 - 0 Comments
    Blu VERDICT A phone that’s not without faults, the Blu Life Max is pretty basic, but so’s its price.…
  • Boltt’s AI-powered stride sensor, fitness trackers goes on pre-order
    Boltt’s AI-powered stride sensor, fitness trackers goes on pre-order
    12.08.2017 - 0 Comments
    Boltt Sports technologies, a wearable fitness tech startup, has launched its AI-powered products ranging…
  • AMD Radeon R9 Nano review
    AMD Radeon R9 Nano review
    10.04.2017 - 0 Comments
    AMD VERDICT The Radeon R9 Nano matches impressive scale with high-end performance, but the price is…

Labels

Android Apk Files Android Apps Android Games Apps Apk Files Apps Hack Tricks Entertainment Free Internet Freecharge Gadgets Games Apk Files How To's Laptops Guide Mobiles Reviews Technology Viral's android zone free recharge

Entertainment

Tricks

Popular Posts

  • BenQ’s flagship photographer SW320 4K monitor in India costs Rs 1.25 lakh
    BenQ has launched ...
  • How To Install Xposed Framework On Bluestacks
    How To Install Xposed Framework On Bluestacks
    How To ...
  • WhatsApp now lets you search for GIFs from within its interface
    Spicing up your ...
  • (no title)
    I’m thinking of ...
  • Sony Xperia XZs first impressions: At Rs 49,990 every other ‘top rate’ supplying
    Sony Xperia XZs is ...
  • How to Take Great Photos With Apple's iPhone X
    How to Take Great Photos With Apple's iPhone X
  • How to Test Your Internet Speed from the Command Line
    How to Test Your Internet Speed from the Command Line

Random Posts

  • AdSense VS Affiliate which is best for making money faster ?
    AdSense VS Affiliate which is best for making money faster ?
    10.04.2017 - 0 Comments
    When we consider affiliate marketing programs, one of the first questions that comes to mind is…
  • Here is How can you backup your Google Allo chats
    Here is How can you backup your Google Allo chats
    26.01.2018 - 0 Comments
    Allo, Google’s latest messaging application, allows users to send and receive digital messages over…
  • Latest macOS ransomware spotted in the wild
    Latest macOS ransomware spotted in the wild
    23.02.2017 - 0 Comments
    A new file-encrypting ransomware program for macOS is being distributed through BitTorrent websites, and…
  • How to Change/Customize Font on Android | KingoRoot Android
    How to Change/Customize Font on Android | KingoRoot Android
    18.02.2017 - 0 Comments
    The smartphone has become an origin of our body. You will see the font on screen everyday. Maybe not…
  • Kingston's mammoth 2TB flash drives launch and immediately sell out
    Kingston's mammoth 2TB flash drives launch and immediately sell out
    01.03.2017 - 0 Comments
    The wild 1TB and 2TB DataTraveler Ultimate flash drives that Kingston first teased at…

Most Popular

  • Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Offer 2018: Refer and Earn Flipkart Vouchers Free
    Teen Patti Refer & ...
  • SAMSUNG GALAXY J7 (2016) REVIEWS
    SAMSUNG GALAXY J7 (2016) REVIEWS
    SAMSUNG GALAXY J ...
  • Top 5 Best SmartPhones under 7000 Rs (March 2017)
    Looking for the ...
  • Apple, IBM, Cisco are huge because of Indians, do not deny them H-1B visa: RBI Governor Urjit Patel
    ...
  • SAMSUNG GALAXY J7 (2016) Specifications
    SAMSUNG GALAXY J ...
  • BlackBerry Teases Marshmallow Beta Testing for Priv by Next Week
    Blackberry ...
  • LG Q6 Review
    LG Q6 Review
    2017 is ...

Contact Form

Name

Email *

Message *

Offers Zone

Created By Android Century Distributed by Android Century
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms of use
  • Advertise here
Subscribe Via Email Subscribe To Android Century By Email And Get Free Updates. ;-)


Your email address is safe with us!