Hike may roll out payments platform ahead of WhatsApp 

  • Hike Messenger is set to launch a payments mechanism on its app that will be linked to the government-backed unified payments interface (UPI), which will make it the first messaging app in India to have such a service ahead of Whatsapp.
  • It may launch peer-to-peer payments within the app that would help in making digital transactions such as recharges for mobile phone subscriptions.
  • The app is holding talks with an Indian bank to support the back end of the payments service.
  • Hike’s integrating payments into the app, which has a lot of resemblance with WeChat.
  • The payment play of WhatsApp, Truecaller, Hike and even several wallet apps like Paytm and Mobikwik ties in with the government’s structured move towards cashless transactions, while using or even without using the internet. 
  • When the payment service goes live, it could make Hike the largest UPI-based payment platform in the country.
 Source:http://bit.ly/2nT9q55

 

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Parth Sarthee

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Yash Rathod

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