Facebook company WhatsApp will also give loans to people in India. The company has partnered with Indian banks for this. The company will also arrange insurance and pension for low-income workers.
Facebook company WhatsApp has partnered with ICICI Bank and HDFC Bank for this service. Currently, under this service of WhatsApp, there has been talking about giving insurance and pension in rural areas.
WhatsApp India head Abhijit Bose has said that the company wants to ease banking service in the coming year by partnering with more banks, especially for low-income and rural people.
Under the partnership with the bank, customers will be able to communicate with the bank through automated text. For this, you have to register your WhatsApp number in the bank. After this, customers will be able to get other information related to their bank balance on WhatsApp.
The WhatsApp India head has also said that in the next two years, the company’s target is to ease the facilities like insurance, micro-credit, and pension for low-income workers with the banks. The company is preparing to start its pilot project soon.
It is important to note that WhatsApp has been testing WhatsApp Payment in India since two years ago i.e. from 2018, but till now it has not been approved by the government.
Recently, Facebook launched the WhatsApp payment service in Brazil. But after some time it has been banned there. Not only this, but Facebook’s dream of bringing cryptocurrency libra is also not fulfilling at present.
Now it will be interesting to see how in the coming time, Facebook takes this service of WhatsApp to India. Although this service is quite different from WhatsApp payment, it can be expected that the company will not have any problem with this.