Whatsapp to offer special Cashbacks to rival paytm and googlepay

Whatsapp to offer special Cashbacks to rival Paytm and Googlepay

The Meta-owned messaging platform, the most popular Indian smartphone application WhatsApp, is planning to offer monetary benefits in the form of a lot of Cashback offers to users to lure new customers into using its payments platform.

Whatsapp to offer special Cashbacks to rival Paytm and googlepay

Nowadays UPI transactions in the country are increasing. This is only because of Covid the number of people who promote digital payments has increased. Companies such as phonepe, Googlepay, and Paytm are currently in the dominant position. Compared to Whatsapp it is far behind in this regard. 

However, recently, 10 crore people have been granted permission from the national payments corporation of India (NPCI) to expand payment adjustment services. Therefore under this backdrop, WhatsApp is set to reach out to the public with Cashback offers.

According to reliable and credible sources says that the Cashback facility launch will be made available on the WhatsApp website by the end of May. Looks like WhatsApp has decided to give a Cashback option of Rs. 33 per user. 

Also read: Whatsapp group video call limit increased 2022

The amount will be paid under the Cashback fund for all three transactions completed successfully. A guarantee Cashback is expected to be given even if reliance successful recharges of Jio. However, this cash redemption back options are low, Experts believe that WhatsApp merchants will contribute to WhatsApp payments.

Phonepe offerings are continuing to outshine in the payments transactions sector in India. The US America Walmart-based company remains in the top position. The online payment system and a digital wallet platform were developed by Google to make payments easier with an Android phone, tablet, or watch. 

Paytm, India's number one payment App trusted by over 30+crore Indians. It is an Indian Multinational Financial Technology Company specializing in digital payment systems have remained in the next position.

However, WhatsApp users have a limit on expanding users, even if payments services are available on the WhatsApp website, many days ago. But, recently WhatsApp got permission from NPCI and allowed the latest limit to increase the limit to 10 crores. 

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This expansion paved the way to expand WhatsApp. WhatsApp has a maximum of over 50 crore users in the Indian capital currently. 

Whatsapp is not only a messaging App but also WhatsApp has launched a video call facility. WhatsApp became part of eternal life. Analysts say that once they are accustomed to payments, it is difficult for other companies that offer payment services.