Hike to launch payments platform ahead of WhatsApp

Hike Messenger is gearing up to launch payments platform on its app, a move that will make it the first in its genre to take such initiative.

This payment platform will be linked to the government-backed unified payments interface (UPI), reported the LiveMint.

By launching payments, Hike would become the closest competitor to Facebook-owned Whatsapp, which is planning to launch payments in India in the next six months.

When the payment service goes live, Hike would be the largest UPI-based payment platform in the country.

According to Hike,90 per cent of its over 100 million users are from India.

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