Hike to launch payments platform ahead of WhatsApp

342

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.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the BFSI industry. Join Us for 4th BFSI CTO Summit, Mumbai and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.