Whatsapp has struggled to get to even half of the 100M user cap, and UPI killed PPI as a method, so does this actually help innovation, or is this lip service?
Informative as always! just a question: UPI Lite is similar to PPI wallets, and is already interoperable. I can use my UPI Lite balance on any QR anywhere. As a consumer, why would I just not use UPI Lite? How do you see this?
You're right Shashank! That's just one more reason why I feel PPI interoperability won't work. Only thing that may drive PPI wallets is the brand association, and the fact that the wallet is already set up. But I don't see that happening a lot to be honest - and hence my stance of not being very bullish on PPI interoperability
1. The transaction limit on WhatsApp is 2k per transaction - therefore no high value P2P. Same limit for QR code photos - this is for all UPI Apps.
2. I’ve used WhatsApp Pay a few times, mostly for amounts under ₹2k, like when scanning QR codes or sending money to some vendor I’m already chatting with. But I always end up looking for a way to check the transaction history or for the payment confirmation to show up directly in the chat, so I don’t have to send a screenshot. I didn’t even know they had this feature before—it’s hard to understand why they’d remove it.
Informative as always! just a question: UPI Lite is similar to PPI wallets, and is already interoperable. I can use my UPI Lite balance on any QR anywhere. As a consumer, why would I just not use UPI Lite? How do you see this?
You're right Shashank! That's just one more reason why I feel PPI interoperability won't work. Only thing that may drive PPI wallets is the brand association, and the fact that the wallet is already set up. But I don't see that happening a lot to be honest - and hence my stance of not being very bullish on PPI interoperability
1. The transaction limit on WhatsApp is 2k per transaction - therefore no high value P2P. Same limit for QR code photos - this is for all UPI Apps.
2. I’ve used WhatsApp Pay a few times, mostly for amounts under ₹2k, like when scanning QR codes or sending money to some vendor I’m already chatting with. But I always end up looking for a way to check the transaction history or for the payment confirmation to show up directly in the chat, so I don’t have to send a screenshot. I didn’t even know they had this feature before—it’s hard to understand why they’d remove it.
I checked on Point 2: I think the Whatsapp Pay piece works only if both users are onboarded on Whatsapp UPI. If not, then it doesn't show up.
For point 1: I've transferred greater than 2k on Whatsapp, the cap would just be for QR photos I assume, I have not transferred > 2k on QR photos